International Biotechnology (LON:IBT) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

International Biotechnology (LON:IBTGet Free Report)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 843.27 and traded as high as GBX 900. International Biotechnology shares last traded at GBX 900, with a volume of 31,771 shares.

International Biotechnology Stock Performance

The firm’s fifty day simple moving average is GBX 955.50 and its 200 day simple moving average is GBX 843.27. The stock has a market capitalization of £287.13 million, a P/E ratio of -273.56 and a beta of 0.21.

International Biotechnology Company Profile

(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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