International Biotechnology (LON:IBT) Share Price Passes Above 200-Day Moving Average of $657.12

Shares of International Biotechnology (LON:IBT) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 657.12 ($8.68) and traded as high as GBX 696.40 ($9.20). International Biotechnology shares last traded at GBX 694 ($9.17), with a volume of 56,388 shares.

International Biotechnology Stock Performance

The stock has a 50 day moving average price of GBX 685.39 and a two-hundred day moving average price of GBX 657.12. 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 company has a market capitalization of £256.50 million, a price-to-earnings ratio of 1,445.83 and a beta of 0.21.

International Biotechnology Increases Dividend

The business also recently declared a dividend, which was paid on Friday, August 23rd. Investors of record on Thursday, July 25th were issued a GBX 14.50 ($0.19) dividend. The ex-dividend date of this dividend was Thursday, July 25th. This represents a dividend yield of 2.28%. This is a positive change 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 stock in a transaction dated Wednesday, July 24th. The stock was bought at an average price of GBX 709 ($9.37) per share, for a total transaction of £9,975.63 ($13,177.85). Insiders own 4.18% of the company’s stock.

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.