Target Healthcare REIT (LON:THRL) Stock Price Crosses Above Fifty Day Moving Average - What's Next?

Key Points

• Target Healthcare REIT's stock price crossed above its 50-day moving average of GBX 96.27 during recent trading.
• The company's current stock price is GBX 94.40, reflecting a 0.2% decrease on the day.
• Target Healthcare REIT has a market capitalization of £584.26 million and a notably high PE ratio of 809.28.

Target Healthcare REIT (LON:THRL - ) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 96.27 ($1.29) and traded as high as GBX 96.50 ($1.29). Target Healthcare REIT shares last traded at GBX 94.40 ($1.27), with a volume of 2,039,751 shares.

Target Healthcare REIT Stock Down 0.2%

The business has a fifty day moving average price of GBX 96.27 and a two-hundred day moving average price of GBX 97.88. The firm has a market cap of £584.26 million, a PE ratio of 809.28, a P/E/G ratio of 1.48 and a beta of 0.44. The company has a debt-to-equity ratio of 34.92, a current ratio of 7.20 and a quick ratio of 1.52.

Target Healthcare REIT Company Profile

Our investment objective is to provide shareholders with an attractive level of income together with the potential for capital and income growth, from a portfolio of UK care homes, diversified by tenant, geography, and resident payment profile. We only invest in modern, purpose-built homes.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.