International Biotechnology Trust (LON:IBT) Share Price Passes Above 200 Day Moving Average of $657.34

Shares of International Biotechnology Trust plc (LON:IBT) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 657.34 ($8.30) and traded as high as GBX 658.04 ($8.31). International Biotechnology Trust shares last traded at GBX 654 ($8.26), with a volume of 18,381 shares traded.

International Biotechnology Trust Price Performance

The company has a market cap of £255.71 million, a price-to-earnings ratio of 622.86 and a beta of 0.24. The company has a current ratio of 0.27, a quick ratio of 0.32 and a debt-to-equity ratio of 8.19. The company has a fifty day moving average price of GBX 640.23 and a two-hundred day moving average price of GBX 657.34.

International Biotechnology Trust Increases Dividend

The business also recently announced a dividend, which was paid on Friday, August 25th. Stockholders of record on Thursday, July 27th were issued a GBX 14.20 ($0.18) dividend. The ex-dividend date was Thursday, July 27th. This is a boost from International Biotechnology Trust’s previous dividend of $14.00. This represents a dividend yield of 2.15%. International Biotechnology Trust’s dividend payout ratio is presently 2,666.67%.

Insider Activity at International Biotechnology Trust

In other news, insider Katherine Cornish-Bowden acquired 1,500 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was purchased at an average cost of GBX 633 ($7.99) per share, for a total transaction of £9,495 ($11,991.66). 4.74% of the stock is currently owned by insiders.

About International Biotechnology Trust

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.