Concord Medical Services Holdings Limited CCM was a big mover last session, as the company saw its shares rise over 14% on the day. The upside came after the company announced a special dividend of 33 cents per ordinary shares (or 99 cents per ADS) which led to more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $4.41 to $4.98 in the past one-month time frame.
The company has seen no estimate revision over the past 30 days, while the Zacks Consensus Estimate remained unchanged. Friday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Concord Medical currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the same space is Capital Senior Living Corp. CSU sporting a Zacks Rank #1 (Strong Buy).
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