The Joint Corp. (NASDAQ:JYNT - Get Free Report) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $11.24 and traded as high as $11.38. Joint shares last traded at $11.34, with a volume of 18,578 shares trading hands.
Joint Price Performance
The stock has a market cap of $167.71 million, a price-to-earnings ratio of -15.12 and a beta of 1.57. The company's 50 day moving average is $11.24 and its 200 day moving average is $13.01.
Joint (NASDAQ:JYNT - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.05). The firm had revenue of $30.26 million for the quarter, compared to analysts' expectations of $29.65 million. Joint had a positive return on equity of 2.17% and a negative net margin of 12.00%. Sell-side analysts predict that The Joint Corp. will post 0.13 earnings per share for the current year.
Institutional Trading of Joint
Institutional investors and hedge funds have recently made changes to their positions in the stock. JCP Investment Management LLC boosted its stake in shares of Joint by 15.3% during the 1st quarter. JCP Investment Management LLC now owns 112,800 shares of the company's stock worth $1,473,000 after purchasing an additional 15,000 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Joint by 8.9% during the first quarter. Russell Investments Group Ltd. now owns 90,147 shares of the company's stock worth $1,177,000 after purchasing an additional 7,375 shares during the last quarter. First Foundation Advisors boosted its stake in Joint by 18.8% in the 1st quarter. First Foundation Advisors now owns 209,301 shares of the company's stock worth $2,733,000 after buying an additional 33,104 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Joint by 5.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,464 shares of the company's stock valued at $229,000 after buying an additional 837 shares during the period. Finally, Ancora Advisors LLC lifted its holdings in shares of Joint by 105.0% during the 1st quarter. Ancora Advisors LLC now owns 99,212 shares of the company's stock worth $1,296,000 after acquiring an additional 50,815 shares during the period. 76.88% of the stock is currently owned by hedge funds and other institutional investors.
About Joint
(
Get Free Report)
The Joint Corp. operates and franchises chiropractic clinics in the United States. The company operates in two segments, Corporate Clinics and Franchise Operations. The Joint Corp. was incorporated in 2010 and is headquartered in Scottsdale, Arizona.
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