International Biotechnology Trust (LON:IBT) Share Price Crosses Above 200-Day Moving Average of $681.51

International Biotechnology Trust plc (LON:IBT – Get Rating) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 681.51 ($8.44) and traded as high as GBX 700 ($8.67). International Biotechnology Trust shares last traded at GBX 695 ($8.60), with a volume of 33,627 shares trading hands.

International Biotechnology Trust Trading Up 1.9 %

The stock has a market cap of £283.32 million and a price-to-earnings ratio of -7.21. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 14.03. The business has a 50-day moving average of GBX 703.12 and a 200-day moving average of GBX 681.51.

International Biotechnology Trust Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, January 27th. Shareholders of record on Thursday, December 29th will be issued a dividend of GBX 14 ($0.17) per share. The ex-dividend date of this dividend is Thursday, December 29th. This represents a yield of 2.01%. International Biotechnology Trust’s dividend payout ratio (DPR) is currently -0.33%.

International Biotechnology Trust Company Profile

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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.