International Biotechnology (LON:IBT) Stock Price Passes Above 200-Day Moving Average of $657.46

International Biotechnology (LON:IBT) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 657.46 ($8.79) and traded as high as GBX 682 ($9.12). International Biotechnology shares last traded at GBX 676 ($9.04), with a volume of 31,526 shares changing hands.

International Biotechnology Stock Performance

The stock has a market cap of £249.85 million, a price-to-earnings ratio of 1,408.33 and a beta of 0.21. The company has a debt-to-equity ratio of 9.66, a current ratio of 0.46 and a quick ratio of 0.32. The stock’s 50-day moving average is GBX 682.25 and its 200-day moving average is GBX 657.46.

International Biotechnology Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, August 23rd. Stockholders of record on Thursday, July 25th were issued a dividend of GBX 14.50 ($0.19) per share. This is a boost from International Biotechnology’s previous dividend of $13.90. The ex-dividend date of this dividend was Thursday, July 25th. This represents a dividend yield of 2.28%. International Biotechnology’s dividend payout ratio (DPR) is 6,041.67%.

Insider Activity

In other International Biotechnology news, insider Gillian Elcock bought 1,407 shares of International Biotechnology stock in a transaction that occurred on Wednesday, July 24th. The shares were purchased at an average cost of GBX 709 ($9.48) per share, for a total transaction of £9,975.63 ($13,343.54). Company insiders own 4.18% of the company’s stock.

About International Biotechnology

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.