International Biotechnology (LON:IBT) Share Price Passes Above 200 Day Moving Average of $657.05

Shares of International Biotechnology (LON:IBT) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 657.05 ($8.59) and traded as high as GBX 687.95 ($9.00). International Biotechnology shares last traded at GBX 678 ($8.87), with a volume of 95,411 shares.

International Biotechnology Trading Up 0.6 %

The company has a market cap of £250.59 million, a PE ratio of 1,412.50 and a beta of 0.21. The business’s 50-day simple moving average is GBX 680.91 and its 200-day simple moving average is GBX 657.05. 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 Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Thursday, July 25th. This represents a dividend yield of 2.28%. This is an increase from International Biotechnology’s previous dividend of $13.90. International Biotechnology’s dividend payout ratio (DPR) is currently 6,041.67%.

Insider Activity

In other International Biotechnology news, insider Gillian Elcock purchased 1,407 shares of the business’s stock in a transaction dated Wednesday, July 24th. The shares were acquired at an average price of GBX 709 ($9.27) per share, for a total transaction of £9,975.63 ($13,045.15). 4.18% of the stock is owned by insiders.

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.