Worldwide Healthcare (LON:WWH) Share Price Crosses Above 50-Day Moving Average - What's Next?

Key Points

• Worldwide Healthcare's share price has recently surpassed its 50-day moving average of GBX 305.07, indicating a potential positive trend in the stock's performance.
• The investment trust reported earnings of GBX 2.40 per share for the last quarter, showcasing a strong net margin of 92.78% and a return on equity of 11.22%.
• With a market capitalization of £1.65 billion and a P/E ratio of 7.22, Worldwide Healthcare focuses on investing in a diversified portfolio within the global healthcare sector.

Worldwide Healthcare (LON:WWH - Get Free Report)'s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 305.07 ($4.10) and traded as high as GBX 316.51 ($4.26). Worldwide Healthcare shares last traded at GBX 309 ($4.16), with a volume of 1,652,063 shares.

Worldwide Healthcare Price Performance

The company has a market capitalization of £1.65 billion, a P/E ratio of 7.22 and a beta of 0.29. The company has a 50 day moving average of GBX 305.07 and a 200-day moving average of GBX 304.81.

Worldwide Healthcare (LON:WWH - Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The investment trust reported GBX 2.40 ($0.03) earnings per share for the quarter. Worldwide Healthcare had a return on equity of 11.22% and a net margin of 92.78%.

Worldwide Healthcare Company Profile

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.

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