Accretive Health, Inc. (OTCMKTS:ACHI) Hesitates After Decent Gain

[[tagnumber 0]][[tagnumber 1]]With small glimmers of hope, the last months of Accretive Health, Inc. (OTCMKTS:ACHI) have been far from rosy as the company stock was slowly, but surely descending. The ticker can brag with decent daily dollar volumes, but the percentile movements rarely exceed 1%.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The company is one of the biggest collectors of medical debt in the United States and yet is listed on the OTC markets. Despite its rather significant market cap of $753 million, however, [[tagnumber 6]]ACHI [[tagnumber 7]]hasn’t posted a financial report since 2012 when it reported the following numbers for the third quarter of the year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $196 million[[tagnumber 13]] [[tagnumber 12]]current assets: $352 million[[tagnumber 13]] [[tagnumber 12]]total assets: $428 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $157 million[[tagnumber 13]] [[tagnumber 12]]total liabilities: $170 million[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $223 million[[tagnumber 13]] [[tagnumber 12]]net income: $3.67 million[[tagnumber 13]] [[tagnumber 26]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]And while these numbers are quite impressive, we can’t be sure what the current financial state of the company as it is listed as OTC Pink Limited Information in the OTC markets, due to the fact that it has failed to file any reports for such a long period of time.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Furthermore, there is some controversy surrounding [[tagnumber 6]]ACHI[[tagnumber 7]]. Back in 2012 the company was under scrutiny for allegedly using high pressure tactics in order to collect bills from patients in Minnesota hospitals, had to pay $2.5 million to settle the suit and was banned from doing business in the state for 2 years.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Still, the company stock managed to make a significant jump in Thursday’s session when it added 7.49% to its value on a $2.91 million daily dollar volume. It couldn’t keep the upward direction however and slid some 0.52% in the final session before the weekend.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 6]]ACHI[[tagnumber 7]] might very well be slowly headed down, so it is crucial that you do your due diligence and weigh out the risks before making any investment decisions.[[tagnumber 2]]