Life Healthcare Group (OTCMKTS:LTGHY) Stock Price Down 5.9% – Should You Sell?

Life Healthcare Group Holdings Limited (OTCMKTS:LTGHY) was down 5.9% during mid-day trading on Wednesday . The stock traded as low as $2.5490 and last traded at $2.5490. Approximately 488 shares changed hands during trading, a decline of 99% from the average daily volume of 60,006 shares. The stock had previously closed at $2.71.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Life Healthcare Group to a “hold” rating in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Life Healthcare Group Stock Down 0.2%

The company has a fifty day simple moving average of $2.62 and a 200-day simple moving average of $2.75. The firm has a market cap of $948.05 million and a P/E ratio of 0.25.

About Life Healthcare Group

Life Healthcare Group (OTCMKTS:LTGHY) is a South Africa–based private healthcare provider offering a comprehensive range of acute and specialised medical services. Headquartered in Sandton, the company operates a network of acute care hospitals that deliver surgical, diagnostic and therapeutic treatments across multiple clinical disciplines. Its facilities include critical care units, maternity wards, oncology centres and rehabilitation services tailored to both in-patient and out-patient needs.

The group’s core business activities span general surgery, cardiology, orthopaedics, neurology and oncology, supported by advanced diagnostic imaging and laboratory services.