The Biotech Growth Trust (LON:BIOG) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Shares of The Biotech Growth Trust PLC (LON:BIOG) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 823.62 ($10.69) and traded as low as GBX 726 ($9.43). The Biotech Growth Trust shares last traded at GBX 754 ($9.79), with a volume of 503,509 shares.

The Biotech Growth Trust Price Performance

The company has a debt-to-equity ratio of 11.02, a quick ratio of 0.00 and a current ratio of 0.59. The company has a market capitalization of £210.27 million, a PE ratio of 2.47 and a beta of 0.50. The firm has a fifty day simple moving average of GBX 821.66 and a 200 day simple moving average of GBX 908.29.

Insider Buying and Selling

In other The Biotech Growth Trust news, insider Nicola Shepherd acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was bought at an average price of GBX 846 ($10.99) per share, with a total value of £8,460 ($10,985.59). Corporate insiders own 0.71% of the company’s stock.

About The Biotech Growth Trust

The Biotech Growth Trust seeks capital appreciation through investment in the worldwide biotechnology industry. In order to achieve its investment objective, the Company invests in a diversified portfolio of shares and related securities in biotechnology companies on a worldwide basis. Performance is measured against the NASDAQ Biotechnology Index (sterling adjusted).