Psychiatric Solutions (PSYS) reported third quarter EPS of $0.50 after the close Tuesday, which fell short of the consensus estimate of $0.56.
Psychiatric Solutions gapped down sharply Wednesday and fell in early trade. Shares settled into a range for the majority of the session and closed lower by $5.47 at $18.67 on the highest volume in 8 months. The stock has been losing ground for 2 weeks and set over a 4-month low.
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