Bellevue Healthcare (LON:BBH) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

Bellevue Healthcare (LON:BBH) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 127 ($1.69) and traded as low as GBX 114.60 ($1.52). Bellevue Healthcare shares last traded at GBX 115.60 ($1.54), with a volume of 2,451,744 shares changing hands.

Bellevue Healthcare Stock Performance

The company has a market cap of £284.90 million and a price-to-earnings ratio of -17.58. The company’s fifty day moving average is GBX 127 and its two-hundred day moving average is GBX 137.15.

Bellevue Healthcare (LON:BBH) last issued its earnings results on Tuesday, March 18th. The company reported GBX 0.03 ($0.00) earnings per share (EPS) for the quarter. Bellevue Healthcare had a net margin of 169.10% and a negative return on equity of 4.48%.

Bellevue Healthcare Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 1st will be paid a GBX 2.52 ($0.03) dividend. This represents a dividend yield of 2.01%. The ex-dividend date of this dividend is Thursday, May 1st. Bellevue Healthcare’s dividend payout ratio is currently -91.26%.

Bellevue Healthcare Company Profile

Bellevue Healthcare Trust plc is a high conviction, long-only investment trust invested in listed or quoted global healthcare equities. It is unconstrained and able to invest regardless of market cap, sub sector or region, and the portfolio is concentrated with a maximum of 35 holdings. The target total dividend in the first financial period is 3.5 pence per ordinary share (to be paid mostly out of capital) and in subsequent financial years will be set at 3.5 per cent.