Bellevue Healthcare (LON:BBH) Shares Pass Below Fifty Day Moving Average – What’s Next?

Bellevue Healthcare (LON:BBH) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 136.92 ($1.77) and traded as low as GBX 123.23 ($1.60). Bellevue Healthcare shares last traded at GBX 123.80 ($1.60), with a volume of 913,061 shares traded.

Bellevue Healthcare Price Performance

The firm has a market capitalization of £305.11 million and a price-to-earnings ratio of -18.83. The stock has a 50 day moving average price of GBX 136.92 and a two-hundred day moving average price of GBX 140.97.

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

Bellevue Healthcare Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 1st will be issued a dividend of GBX 2.52 ($0.03) per share. This represents a yield of 2.01%. The ex-dividend date is Thursday, May 1st. Bellevue Healthcare’s dividend payout ratio (DPR) is presently -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.