The Pennant Group (NASDAQ:PNTG) shares rose 13.9% during trading on Thursday . The stock traded as high as $18.60 and last traded at $18.54, approximately 180,223 shares changed hands during trading. A decline of 43% from the average daily volume of 313,476 shares. The stock had previously closed at $16.28.
Separately, Royal Bank of Canada initiated coverage on The Pennant Group in a report on Tuesday, October 22nd. They set a “sector perform” rating and a $20.00 target price on the stock.
The Pennant Group Company Profile (NASDAQ:PNTG)
The Pennant Group, Inc offers home health, hospice, and senior living services across Arizona, California, Colorado, Idaho, Iowa, Nevada, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin, and Wyoming. It operates in two segments, Home Health and Hospice Services, and Senior Living Services. The company offers home health services, including clinical services, such as nursing, speech, occupational and physical therapy, medical social work, and home health aide services; and hospice services comprising clinical care, education, and counseling services for the physical, spiritual, and psychosocial needs of terminally ill patients and their families.
Further Reading: What is the formula for the cash asset ratio?
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