ModivCare falls after Barrington downgrades rating

ModivCare

12/05/2025 16:32

** Shares of healthcare service provider ModivCare MODV.O fall 1.3% to $1.16

** Barrington cuts MODV's rating to "market perform" from "outperform"

** Adding a speculative risk rating given MODV's highly leveraged balance sheet and inability to stabilize its business via consistent cash flow generation - brokerage

** MODV's situation will remain precarious until cash flow meaningfully improves and the monetization of assets begins, Barrington says

** MODV stock has slumped 70.6% YTD, as of last close

 (Reporting by Juby Babu in Mexico City)

 ((Juby.Babu@thomsonreuters.com;))