Aveanna Healthcare Holdings Inc. (AVAH) shares fell 11.00 percent to $6.15, down $0.76 on Thursday, despite the company's fourth quarter reporting sharply improved annual and quarterly earnings.
The stock is currently trading at $6.15 compared with its previous close of $6.91. Shares opened at $6.83 and traded between $5.93 and $7.18 during the session on the Nasdaq. Trading volume reached about 589,714 shares, below the average volume of about 1.13 million shares.
Fourth-quarter net income rose to $178.8 million from $29.2 million, with revenue climbing to $662.5 million from $519.9 million. Operating income also improved significantly.
The stock has traded in a 52-week range of $3.73 to $10.32.
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