International Biotechnology Trust Plc (LON:IBT) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $667.44 and traded as high as $752.72. International Biotechnology Trust shares last traded at $734.00, with a volume of 58,160 shares traded.
The business’s fifty day moving average is GBX 768.12 and its 200 day moving average is GBX 667.44. The firm has a market capitalization of $280.88 million and a P/E ratio of -15.81.
The firm also recently announced a dividend, which will be paid on Friday, August 28th. Investors of record on Thursday, July 16th will be issued a GBX 12.40 ($0.15) dividend. The ex-dividend date of this dividend is Thursday, July 16th. This represents a dividend yield of 1.54%. International Biotechnology Trust’s payout ratio is currently -0.54%.
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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