Momentum Stock Watch: IVC

Company Profile:

Invacare Corp is a manufacturer and distributor of medical equipment used in non-acute care settings. The company sells its products to home medical equipment providers with retail and e-commerce channels, residential care operators, and distributors. Invacare Corporation was founded in 1885 and is headquartered in Elyria, Ohio.

Recent News:

For the quarter ended March 31, 2020, the company reported net sales decreased 2.2% to $218.4 million. Gross profit increased 130 basis points to 28.8%. GAAP earnings per share were $0.02 compared to a loss per share of $0.42 of 2019.

On March 9, 2020, the company has completed the sale of its Dynamic Controls subsidiary to Allied Motion Technologies, Inc. (“Allied Motion”)(Nasdaq: AMOT), of Amherst, New York.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

IVC’s strengths can be seen in its better growth and better profitability compared with its peers. Technical indicators signal the bullish signs, as there is a bullish crossover in Stochastic oscillator, MACD is trying to cross back up and the RSI stands at 43.23 with positive bias. We rate Invacare Corp (IVC) a STRONG BUY.

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