IMAC Holdings, Inc. (NASDAQ: IMAC) has shared the news of the acquisition of Lockwood Chiropractic which excited the stocks of the company. IMAC Holdings has announced that it has decided to strengthen its position in Missouri by acquiring Lockwood Chiropractic in Webster Groves.
The Merger of IMAC and Lockwood Chiropractic will make a new Ozzie Smith Regeneration center in Webster Groves. The new center will be opened for patients from November 16th, 2020. Dr. Sharon Whalen who is the owner of the clinic will be in charge of the new center in Webster Groves.
The addition of Lockwood Chiropractic in Ozzie Smith IMAC Regeneration Center will help the company providing better care to St. Louis patients. The acquisition of assets of Lockwood Chiropractic signifies an established community near downtown St. Louis.
Shares of IMAC Holdings Inc. (NASDAQ: IMAC) soared 92.08% at $1.610 during the pre-market trading session of Thursday. In the past 52-weeks of trading, this company stock has fluctuated between the low of $0.42 and a high of $4.95. It has moved up 98.33% from its 52-weeks low and moved down -83.17% from its 52-weeks high.
Looking at its profitability, it has a return on assets (ROA) of -32.00%, return on equity (ROE) -67.10%, and return on investment (ROI) of -45.20%. Turing our focus on its liquidity, it has a current ratio of 0.60. Likewise, its quick ratio is also the same as the current ratio. IMAC Holdings market capitalization has remained high, hitting $9.94 million at the time of writing.