Fresenius Medical Care Closes Down Nearly 17%, Largest Percent Decrease on Record -- Data Talk
October 17 2018 - 5:17PM
Dow Jones News
Fresenius Medical Care AG & Co. KGaA Sponsored ADR (FMS)
closed at $41.48, down $8.38 or 16.81%
-- Lowest close since March 22, 2017, when it closed at
$41.47
-- Largest percent decrease on record (based on available data
back to September 17, 1996)
-- Fresenius Medical Care AG & Co. KGaA cut its targets for
2018, as it reported an 8% fall in third-quarter net income.
According to preliminary figures released late Tuesday, net income
fell to 285 million euros ($330 million) from EUR309 million the
year prior. The company cut its target for net income growth in
2018 to between 11% to 12%, from a previously guided range of
between 13% to 15%. It also now expects revenue growth at between
2% to 3%, down from a previous target of between 5% to 7%.
-- Down 19.33% month-to-date
-- Down 21.07% year-to-date; on pace for worst year since 2002,
when it fell 31.05%
-- Down 27.87% from its all-time closing high of $57.51 on
January 31, 2018
-- Down 14.46% from 52 weeks ago (October 18, 2017), when it
closed at $48.49
-- New 52-week closing low
-- Traded as low as $40.86; lowest intraday level since February
21, 2017, when it hit $40.60
-- Down 18.05% at today's intraday low; largest intraday percent
decrease on record (based on available data back to September 17,
1996)
-- Today's preliminary volume is 1.1 million shares; highest
since October 26, 2017, when 1.3 million shares were traded
Source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
October 17, 2018 17:02 ET (21:02 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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