Shares of Lincare Holdings (Nasdaq:LNCR) were gapping up Monday morning with an open price 21.5% higher than Friday's closing price. The stock closed at $34.02 yesterday and opened today's trading at $41.33.
NEW YORK ( TheStreet) -- Shares of Lincare Holdings (Nasdaq: LNCR) were gapping up Monday morning with an open price 21.5% higher than Friday's closing price. The stock closed at $34.02 Friday and opened today's trading at $41.33.
The average volume for Lincare has been 1.5 million shares per day over the past 30 days. Lincare has a market cap of $2.79 billion and is part of the health care sector and health services industry. Shares are up 32.3% year to date as of the close of trading on Friday. Lincare Holdings Inc. provides oxygen, respiratory, and other chronic therapy services to patients in the home. The company has a P/E ratio of 16.3, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Lincare as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, notable return on equity and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Lincare Ratings Report. Get more investment ideas from our investment research center.
The ex-dividend date for Lincare Holdings (Nasdaq:LNCR) is tomorrow, July 12, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $41.58 as of 9:30 a.m., the dividend yield is 1.9%.