The Covington, Kentucky-based Omnicare, Inc (NYSE:OCR) reported that Chief Executive Officer John Figueroa quitted, effective without delay. Shares of the company moved down to the record low in 8 months.
President and chief financial officer of Omnicare, a supplier of drugs to nursing homes, John Workman would take the responsibilities as interim Chief Executive Officer while the corporation seeks a permanent replacement.
Figueroa had held the post for 18 months. Omnicare reported in a statement that executive vice president of specialty care Nitin Sahney would be promoted to chief operating officer.
Omnicare’s chairman of the board James Shelton stated in the statement that Figueroa was quitting after having accomplished the objectives they made.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. BioScrip Inc. (NASDAQ:BIOS) fell -2.98% to settle at $6.83, PharMerica Corporation (NYSE:PMC) moved down -4.82% to end at $9.29 while Walgreen Company (NYSE:WAG) jumped +0.19% to finish on Monday at $31.22.
Omnicare, Inc. (NYSE:OCR) last session volume of 7.46 million shares was surprisingly higher than its average volume of 1.27 million shares. The stock after opening at $32.99 hit high price of $33.09 and then closed at $30.40 by scoring -8.87%.
The liquidity measure in recent quarter results of the company was recorded 4.61 as current ratio and on the other side the debt to equity ratio was 0.52 and long-term debt to equity ratio also remained 0.51. The Company had total cash at hand $622.18 million and a book value per share as $33.88 in the most recent quarter.
The stock price volatility was 4.35% for a week and 3.13% for a month as well as price volatility’s Average True Range for 14 days was 1.02 and its beta remained 0.83.
OCR generated revenue of 6.25 billion in the following twelve months and earned $168.12 million. The Company showed a positive 2.69% in the net profit margin and as well as in its operating margin which remained 7.13%. Company’s annual sales growth for the past five year was -0.97%.
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