Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) reported on Friday that it has decided to maintain HealthCor Management LP’s 3 nominees to the Allscripts board.
The companies reported that in return, HealthCor, which possesses almost 6.1% stake in Allscripts, would lower its lawsuit against the corporation and vote in favor of the Electronic health records company’s entire slate of nine candidates to the board at its annual shareholder summit on June 15.
HealthCor’s co-founder and portfolio manager Arthur Cohen stated that his company was pleased to make a contract with Allscripts that it believes was in the best interests of financiers.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Quality Systems, Inc. (NASDAQ:QSII) fell -1.54% to settle at $28.17, Cerner Corporation (NASDAQ:CERN) moved down -2.04% to end at $76.37 while Mediware Info. Systems (NASDAQ:MEDW) jumped +1.36% to finish on Friday at $14.19.
Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) on June 01, 2012 decreased -3.42% to the closing price of $10.45. The overall volume in the last trading session was 4.61 million shares. Its fifty two week range was $8.99-$21.66. The total market capitalization remained $1.99 billion.
MDRX is ahead its 52 week low with +16.24% and going forward from its 52 week high price with -51.75%. MDRX last month stock price volatility remained 3.29%. In its share capital MDRX has 190.90 million outstanding shares among them 17.60 million shares have been floated in market exchange. MDRX stock institutional ownership remained 88.62% while insider ownership included 1.96%.
The stock price of MDRX is moving down from its 20 days moving average with -4.20% and remote negatively from 50 days moving average with -24.40%. MDRX current year earnings per share experienced a downfall of -21.50% while its current quarter performance remained -45.71%. Company’s beta coefficient included 1.45. Beta factors measures the amount of market risk associated with market trade.
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