Shares of International Biotechnology (LON:IBT – Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 659.43 ($8.61) and traded as high as GBX 698 ($9.11). International Biotechnology shares last traded at GBX 682 ($8.91), with a volume of 99,569 shares.
International Biotechnology Price Performance
The stock has a fifty day moving average of GBX 680.25 and a 200-day moving average of GBX 660.08. The firm has a market capitalization of £260.94 million, a P/E ratio of 1,470.83 and a beta of 0.21. The company has a quick ratio of 0.32, a current ratio of 0.46 and a debt-to-equity ratio of 9.66.
Insiders Place Their Bets
In related news, insider Gillian Elcock purchased 1,407 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The shares were acquired at an average cost of GBX 709 ($9.26) per share, with a total value of £9,975.63 ($13,026.42). Insiders own 4.18% of the company’s stock.
International Biotechnology Company Profile
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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