Life Healthcare Group (OTCMKTS:LTGHY) Shares Gap Down – Here’s Why

Life Healthcare Group Holdings Limited (OTCMKTS:LTGHY)’s share price gapped down before the market opened on Friday . The stock had previously closed at $2.4350, but opened at $2.33. Life Healthcare Group shares last traded at $2.44, with a volume of 2,909 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Life Healthcare Group to a “hold” rating in a research report on Thursday, May 21st. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Life Healthcare Group Stock Down 1.2%

The stock has a market cap of $896.70 million and a PE ratio of 0.25. The stock has a 50-day moving average of $2.78 and a 200 day moving average of $2.75.

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.