Bellevue Healthcare (LON:BBH) Stock Price Down 1.5% – Here’s Why

Bellevue Healthcare (LON:BBH)’s stock price dropped 1.5% during mid-day trading on Friday . The company traded as low as GBX 133.80 ($1.68) and last traded at GBX 134.20 ($1.69). Approximately 3,539,026 shares changed hands during mid-day trading, an increase of 93% from the average daily volume of 1,833,392 shares. The stock had previously closed at GBX 136.20 ($1.71).

Bellevue Healthcare Stock Down 1.5 %

The company’s 50-day simple moving average is GBX 143.62 and its 200 day simple moving average is GBX 144.82. The stock has a market capitalization of £330.75 million and a price-to-earnings ratio of -20.41.

About Bellevue Healthcare

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.