NYSE:ACHHealthcare
Accendra Health (ACHC) Stock Sinks As Losses Deepen And Cash Stays Tight
Accendra Health stock closed at US$1.26, down 10% on the day, as investors reacted to another quarter in the red. The headline is not the revenue line. The real story is the squeeze in profitability, with Q2 basic earnings per share at a loss of US$1.16 and net income excluding extra items also in loss territory.
For a home based health provider already dealing with high volatility and balance sheet pressure, that profit strain matters more than the single-day move. The key question now is...