International Biotechnology Trust (LON:IBT) Shares Pass Above 200-Day Moving Average of $620.35

International Biotechnology Trust plc (LON:IBTGet Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 620.35 ($7.78) and traded as high as GBX 670 ($8.40). International Biotechnology Trust shares last traded at GBX 664 ($8.32), with a volume of 29,029 shares changing hands.

International Biotechnology Trust Stock Performance

The company has a market cap of £259.89 million, a price-to-earnings ratio of 632.38 and a beta of 0.18. The firm’s 50 day simple moving average is GBX 635.83 and its 200-day simple moving average is GBX 620.10. The company has a debt-to-equity ratio of 8.19, a quick ratio of 0.32 and a current ratio of 0.27.

International Biotechnology Trust Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 26th. Investors of record on Thursday, December 21st were given a dividend of GBX 13.90 ($0.17) per share. The ex-dividend date was Thursday, December 21st. This represents a yield of 2.21%. International Biotechnology Trust’s payout ratio is presently 2,666.67%.

About International Biotechnology Trust

(Get Free Report)

International Biotechnology Trust plc specializes in investments in development stage and late stage companies. The majority of the fund's assets are generally invested in smaller and mid-capitalization quoted companies, with a minority in larger capitalization quoted companies. It makes long only investments.

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