Worldwide Healthcare (LON:WWH) Reaches New 1-Year High – Here’s Why

Shares of Worldwide Healthcare (LON:WWH) reached a new 52-week high on Wednesday . The stock traded as high as GBX 399.50 and last traded at GBX 398.50, with a volume of 1605449 shares traded. The stock had previously closed at GBX 390.50.

Worldwide Healthcare Trading Down 1.6%

The firm has a 50-day moving average price of GBX 379.75 and a 200-day moving average price of GBX 357.98. The company has a current ratio of 6.31, a quick ratio of 0.43 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of £1.40 billion, a PE ratio of 14.61 and a beta of 0.26.

Worldwide Healthcare (LON:WWH) last posted its quarterly earnings results on Friday, June 5th. The investment trust reported GBX 2.20 earnings per share for the quarter. Worldwide Healthcare had a net margin of 85.46% and a return on equity of 8.01%. The company had revenue of GBX 1,253 million during the quarter.

Insiders Place Their Bets

In related news, insider Sian Hansen bought 10,312 shares of Worldwide Healthcare stock in a transaction dated Tuesday, July 14th. The stock was purchased at an average cost of GBX 386 per share, with a total value of £39,804.32. 0.23% of the stock is currently owned by insiders.

About Worldwide Healthcare

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. It uses gearing, and derivative transactions to mitigate risk and also to enhance returns.

The Company‘s Portfolio Manager is OrbiMed Capital LLC.