Why AdaptHealth Dived by Nearly 12% Today

Why AdaptHealth Dived by Nearly 12% Today

AdaptHealth (NASDAQ: AHCO), a company specializing in home medical equipment (HME), was not a healthy stock on Thursday. For the quarter, thanks in no small part to recent acquisitions, AdaptHealth booked just over $482 million in revenue, well up from the $191 million of Q1 2020. In its earnings release, AdaptHealth pledged to explore ways of increasing sales and trimming expenses.