International Biotechnology (LON:IBT) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of International Biotechnology (LON:IBTGet Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 832.46 and traded as high as GBX 924. International Biotechnology shares last traded at GBX 904, with a volume of 132,428 shares changing hands.

International Biotechnology Stock Down 1.5%

The company’s 50-day simple moving average is GBX 961.59 and its 200 day simple moving average is GBX 832.46. The stock has a market capitalization of £288.40 million, a price-to-earnings ratio of -274.77 and a beta of 0.21.

About International Biotechnology

(Get Free Report)

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.

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