Life Healthcare Group (OTCMKTS:LTGHY) Trading Up 1.5% – Should You Buy?

Life Healthcare Group Holdings Limited (OTCMKTS:LTGHY) was up 1.5% during mid-day trading on Wednesday . The company traded as high as $2.75 and last traded at $2.72. Approximately 28,212 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 80,516 shares. The stock had previously closed at $2.68.

Life Healthcare Group Price Performance

The stock’s 50 day moving average price is $2.90 and its 200-day moving average price is $3.02.

Life Healthcare Group Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, October 7th. Investors of record on Monday, September 22nd were paid a dividend of $0.3559 per share. The ex-dividend date of this dividend was Friday, September 19th. This is a positive change from Life Healthcare Group’s previous dividend of $0.03. This represents a yield of 1,617.0%. Life Healthcare Group’s dividend payout ratio is 17.73%.

About Life Healthcare Group

Life Healthcare Group Holdings Limited, together with its subsidiaries, operates private hospitals in South Africa, Canada, the United Kingdom, rest of Europe, and Internationally. It operates through two segments, Hospitals and Complementary Services; and Healthcare Services. The company provides range of acute hospitals and complementary services; Life Esidimeni services, such as chronic mental healthcare, frail care rehabilitation, step-down care, correctional services, and primary healthcare and substance abuse recovery programs; and life employee health solutions, including on-site occupational and primary healthcare services and employee wellness programs.