International Biotechnology (LON:IBT) Stock Passes Above 200 Day Moving Average of $656.71

International Biotechnology (LON:IBT)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 656.71 ($8.64) and traded as high as GBX 690 ($9.07). International Biotechnology shares last traded at GBX 674 ($8.86), with a volume of 41,424 shares trading hands.

International Biotechnology Price Performance

The stock has a fifty day moving average of GBX 677.82 and a two-hundred day moving average of GBX 656.71. The stock has a market cap of £247.59 million, a price-to-earnings ratio of 1,404.17 and a beta of 0.21. The company has a quick ratio of 0.32, a current ratio of 0.46 and a debt-to-equity ratio of 9.66.

International Biotechnology Increases Dividend

The business also recently declared a dividend, which was paid on Friday, August 23rd. Stockholders of record on Thursday, July 25th were paid a dividend of GBX 14.50 ($0.19) per share. The ex-dividend date of this dividend was Thursday, July 25th. This is a boost from International Biotechnology’s previous dividend of $13.90. This represents a dividend yield of 2.28%. International Biotechnology’s dividend payout ratio is 6,041.67%.

Insider Activity at International Biotechnology

In other news, insider Gillian Elcock acquired 1,407 shares of International Biotechnology stock in a transaction that occurred on Wednesday, July 24th. The stock was purchased at an average cost of GBX 709 ($9.32) per share, with a total value of £9,975.63 ($13,117.20). Company insiders own 4.18% of the company’s stock.

International Biotechnology 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.