U.S. Physical Therapy (USPH) : Net money flow in U.S. Physical Therapy (USPH) was negative ($0.83 million) and the inflow of money on uptick was $0.36 million, whereas, the outflow of money on downticks amounted to $1.19 million on Tuesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.3. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $0.1 million. The money flow in block trades was negative ($0). U.S. Physical Therapy (USPH) gained $0.85 cent during the day and reached $63.41, a gain of 1.36% over the previous day.
Also, Equity analysts at the Brokerage firm Jefferies maintains its rating on U.S. Physical Therapy (NYSE:USPH). The rating major has initiated the coverage with hold rating on the shares. The Analysts at Jefferies raises the price target from $53 per share to $65 per share. The rating by the firm was issued on August 5, 2016.
Shares of US Physical Therapy Inc. rose by 0.17% in the last five trading days and 7.93% for the last 4 weeks. US Physical Therapy Inc. is up 8.85% in the last 3-month period. Year-to-Date the stock performance stands at 19.12%.
U.S. Physical Therapy (NYSE:USPH): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $62.56 and $62.56 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $63.77. The buying momentum continued till the end and the stock did not give up its gains. It closed at $63.36, notching a gain of 1.28% for the day. The total traded volume was 80,232 . The stock had closed at $62.56 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Mcdowell Glenn, officer (Chief Operating Officer) of U S Physical Therapy Inc /Nv, had unloaded 4,047 shares at an average price of $60.2 in a transaction dated on August 9, 2016. The total value of the transaction was worth $243,629.
U.S. Physical Therapy, Inc., through its subsidiaries, operates outpatient physical therapy clinics that provide pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers and neurological-related injuries. The Company primarily operates through subsidiary clinic partnerships, in which it owns a 1% general partnership interest and a 64% limited partnership interest and the managing therapists of the clinics owns the remaining limited partnership interest in the clinics. The Company provides services at its clinics on an outpatient basis. Patients are treated for approximately one hour per day, two to three times a week for two to six weeks. The Company operates approximately 489 clinics in 42 states of the United States.