International Biotechnology (LON:IBT) Insider Buys £9,975.63 in Stock

International Biotechnology (LON:IBT) insider Gillian Elcock bought 1,407 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The shares were bought at an average price of GBX 709 ($9.17) per share, with a total value of £9,975.63 ($12,901.75).

International Biotechnology Stock Performance

International Biotechnology stock opened at GBX 708 ($9.16) on Friday. The firm has a market capitalization of £277.11 million, a P/E ratio of 674.29 and a beta of 0.18. The stock has a fifty day moving average price of GBX 656.30 and a two-hundred day moving average price of GBX 651.59. International Biotechnology has a 52-week low of GBX 548 ($7.09) and a 52-week high of GBX 720 ($9.31). The company has a debt-to-equity ratio of 8.19, a current ratio of 0.27 and a quick ratio of 0.32.

International Biotechnology Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, August 23rd. Investors of record on Thursday, July 25th will be given a dividend of GBX 14.50 ($0.19) per share. The ex-dividend date is Thursday, July 25th. This represents a dividend yield of 2.28%. This is a boost from International Biotechnology’s previous dividend of $13.90. International Biotechnology’s dividend payout ratio (DPR) is 2,666.67%.

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.