International Biotechnology Trust (LON:IBT) Stock Price Crosses Above 200 Day Moving Average of $654.23

International Biotechnology Trust plc (LON:IBTGet Rating)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 654.23 ($7.91) and traded as high as GBX 680.30 ($8.22). International Biotechnology Trust shares last traded at GBX 669 ($8.08), with a volume of 23,109 shares trading hands.

International Biotechnology Trust Stock Up 0.8 %

The firm’s 50 day simple moving average is GBX 681.72 and its 200 day simple moving average is GBX 654.23. The company has a market cap of £273.37 million and a price-to-earnings ratio of -6.94. The company has a quick ratio of 0.00, a current ratio of 0.00 and a debt-to-equity ratio of 16.90.

International Biotechnology Trust Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, August 26th. Shareholders of record on Thursday, August 4th were paid a GBX 15.70 ($0.19) dividend. The ex-dividend date was Thursday, August 4th. This represents a dividend yield of 2.27%. International Biotechnology Trust’s payout ratio is currently -0.31%.

About International Biotechnology Trust

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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.

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