Worldwide Healthcare (LON:WWH) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Shares of Worldwide Healthcare (LON:WWH) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 374.74 and traded as low as GBX 353.50. Worldwide Healthcare shares last traded at GBX 355.50, with a volume of 1,107,077 shares changing hands.

Worldwide Healthcare Stock Performance

The company has a market cap of £1.36 billion, a PE ratio of -11.44 and a beta of 0.29. The business’s 50-day moving average is GBX 374.74 and its 200 day moving average is GBX 354.53.

Worldwide Healthcare (LON:WWH) last announced its quarterly earnings data on Thursday, November 13th. The investment trust reported GBX 0.90 earnings per share (EPS) for the quarter. Worldwide Healthcare had a return on equity of 11.22% and a net margin of 92.78%.

About Worldwide Healthcare

Worldwide Healthcare Trust PLC is a closed-ended investment company listed on the London Stock Exchange (LSE: WWH).

WWH invests in the global healthcare sector with the objective of achieving a high level of capital growth. WWH invests worldwide in a diversified portfolio of shares in pharmaceutical and biotechnology companies and related securities in the healthcare sector. It uses gearing, and derivative transactions to mitigate risk and also to enhance returns.

The Company‘s Portfolio Manager is OrbiMed Capital LLC.