National Healthcare Corp. (NHC) Hits New 52-week Low During January 20 Session

Equities Staff |

National Healthcare Corp. (NHC) established a new 52-week low yesterday, and could be a company to watch at the open. After opening at $59.60, National Healthcare Corp. dropped to $57.16 for a new 52-week low. By the closing bell, the company's stock was at $60.88 a share for a gain of 1.13%.

Falling to a new 52-week low is never fun for company's shareholder, but, depending on who you ask, it can be either a buy or a sell signal. Someone bearish on the stock might see it reaching its lowest price in a year as a sign of growing downward momentum and make sure they sell their shares. Bulls, though, are more likely to see a new 52-week low as the stock hitting its low point and anticipate a bounce in the share price.

However one plays it, it's often a critical moment for any stock and should be noted by investors.

National Healthcare Corp. saw 15,383 shares of its stock trade hands, that's out of 14.91 million shares outstand. The stock has an average daily volume of 21,806 shares. After hitting a new 52-week low, National Healthcare Corp. enters the new trading day with a market cap of 907.48 million, a 50-day SMA of $63.87 and a 200-day SMA of $62.51

National Healthcare Corp. now has a P/E ratio of 19.5.

For a complete fundamental analysis analysis of National Healthcare Corp., check out Equities.com’s Stock Valuation Analysis report for NHC. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

National Healthcare Corp is engaged in the operation of skilled nursing facilities with associated assisted living and independent living centers. It provides sub-acute and post-acute skilled nursing care, senior living and home health care services.

National Healthcare Corp. has 13,050 employees, is led by CEO Robert G. Adams, and makes its home in Murfreesboro, TN.

National Healthcare Corp. is also a component of the Russell 2000 Index, which is generally viewed as the most reliable indicator of the health of the broader small-cap market. Using a rules-based methodology, it creates a simple, unbiased view of how America's stable of smaller publicly traded companies are performing in the stock markets.

The index consists of the 2,000 smallest companies of the 3,000 largest publicly-traded companies in the country as judged by market cap. It's constructed by Russell Investments, which also builds and maintains the Russell 3000 (an index consisting of all 3,000 biggest companies by market cap) and the large-cap Russell 1000 (which has the 1,000 largest companies from the Russell 3000).

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

Relevium Technologies Inc.

Relevium Technologies Inc is engaged in the acquisition of products, technologies and businesses relating to musculoskeletal function, specifically Pain Relief, Injury Recovery and Active Performance.

Private Markets

8tracks

Our mission is to be the best place for people who care about music to create and discover thoughtfully curated playlists. In essence, 8tracks is a platform for online mixtapes.

MyForce, Inc.

As parents, we constantly worry about the safety of our loved ones. The media bombards us with incidents from across the nation school shootings, frequent assaults on campuses, and crimes…