DRI Healthcare Trust (TSE:DHT.UN) Trading Down 0.8% – Should You Sell?

DRI Healthcare Trust (TSE:DHT.UN)’s stock price was down 0.8% during mid-day trading on Thursday . The stock traded as low as C$15.43 and last traded at C$15.52. Approximately 17,341 shares changed hands during trading, a decline of 40% from the average daily volume of 28,691 shares. The stock had previously closed at C$15.65.

DRI Healthcare Trust Trading Down 0.8%

The stock’s 50 day moving average is C$16.20 and its 200 day moving average is C$15.16. The stock has a market capitalization of C$855.09 million, a price-to-earnings ratio of -16.51 and a beta of 0.20.

DRI Healthcare Trust Company Profile

DRI Healthcare Trust is managed by DRI Capital Inc DRI a pioneer in global pharmaceutical royalty monetization. We provide uniquely favorable exposure for investors in the biopharma industry managing a diversified portfolio of interests in medicines that have a demonstrable positive impact on the world and aiming to acquire dependable patent-protected cash flow streams derived from the sales of those important drugs while limiting the risks and costs connected to drug development. DRI has developed a disciplined strategy predicated on actively sourcing royalty streams on medically necessary products and proudly work with multiple repeat deal partners.DRI Healthcare Trust is an unincorporated open-ended trust governed by the laws of the Province of Ontario pursuant to a declaration of trust dated October 21 2020 as amended.DRI Healthcare Trusts units are listed and trade on the Toronto Stock Exchange under DHT.UN in Canadian dollars and under DHT.U in U.S.