AAC Holdings Inc. (AAC) had a rough trading day for Wednesday February 27 as shares tumbled 6.62%, or a loss of $-0.2 per share, to close at $2.82. After opening the day at $3.03, shares of AAC Holdings Inc. traded as high as $3.05 and as low as $2.64. Volume was 313,377 shares over 1,359 trades, against an average daily volume of 393,588 shares and a total float of 24.6 million.
As a result of the decline, AAC Holdings Inc. now has a market cap of $69.38 million. In the last year, shares of AAC Holdings Inc. have traded between a range of $12.96 and $1.33, and its 50-day SMA is currently $2.40 and 200-day SMA is $6.60.
AAC Holdings Inc provides inpatient and outpatient substance use treatment services for individuals with drug addiction, alcohol addiction, and co-occurring mental/behavioral health issues. The company also provides drug testing, diagnostic laboratory services and provides physician services to clients. Its facilities are located throughout the United States, including residential substance abuse treatment facilities, standalone outpatient centers and sober living facilities, that focus on delivering effective clinical care and treatment solutions.
AAC Holdings Inc. is based out of Brentwood, TN and has some 2,100 employees. Its CEO is Michael T. Cartwright.
AAC Holdings Inc. is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.