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
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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