International Biotechnology (LON:IBT) Stock Crosses Above 200-Day Moving Average – Here’s Why

International Biotechnology (LON:IBTGet Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 669.83 ($8.50) and traded as high as GBX 676 ($8.58). International Biotechnology shares last traded at GBX 670 ($8.50), with a volume of 54,729 shares.

International Biotechnology Price Performance

The company’s 50-day moving average price is GBX 685.95 and its two-hundred day moving average price is GBX 669.83. The company has a market cap of £245.41 million, a P/E ratio of 1,395.83 and a beta of 0.21. The company has a current ratio of 0.46, a quick ratio of 0.32 and a debt-to-equity ratio of 9.66.

International Biotechnology Company Profile

(Get Free Report)

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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