International Biotechnology (LON:IBT) Shares Pass Above 200 Day Moving Average – What’s Next?

International Biotechnology (LON:IBT) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 789.34 and traded as high as GBX 970. International Biotechnology shares last traded at GBX 968, with a volume of 76,946 shares.

International Biotechnology Stock Performance

The firm’s fifty day simple moving average is GBX 941.02 and its 200 day simple moving average is GBX 789.34. The stock has a market capitalization of £311.05 million, a P/E ratio of -296.35 and a beta of 0.21.

International Biotechnology (LON:IBT) last posted its quarterly earnings results on Thursday, November 6th. The company reported GBX (11.42) earnings per share (EPS) for the quarter. International Biotechnology had a return on equity of 13.67% and a net margin of 90.66%. Analysts anticipate that International Biotechnology will post 0.9435943 earnings per share for the current fiscal year.

About International Biotechnology

The Company’s investment objective is to achieve long-term capital growth by investing in biotechnology and other life sciences companies.

The Company will seek to achieve its objective by investing in a diversified portfolio of companies which may be quoted or unquoted and whose shares are considered to have good growth prospects, with experienced management and strong potential upside through the development and/or commercialisation of a product, device or enabling technology. Investments may also be made in related sectors such as medical devices and healthcare services.