International Biotechnology (LON:IBT) Stock Price Passes Above 200 Day Moving Average of $649.16 – American Banking and Market News

Posted: July 21, 2024 at 2:37 am

International Biotechnology (LON:IBT Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 649.16 ($8.42) and traded as high as GBX 716 ($9.29). International Biotechnology shares last traded at GBX 698 ($9.05), with a volume of 70,982 shares trading hands.

The company has a current ratio of 0.27, a quick ratio of 0.32 and a debt-to-equity ratio of 8.19. The stock has a market capitalization of 273.20 million, a P/E ratio of 664.76 and a beta of 0.18. The stocks 50 day simple moving average is GBX 648.69 and its 200 day simple moving average is GBX 649.16.

The business also recently disclosed a dividend, which will be paid on Friday, August 23rd. Shareholders of record on Thursday, July 25th will be paid a dividend of GBX 14.50 ($0.19) per share. This represents a yield of 2.28%. This is an increase from International Biotechnologys previous dividend of $13.90. The ex-dividend date of this dividend is Thursday, July 25th. International Biotechnologys dividend payout ratio is 2,666.67%.

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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International Biotechnology (LON:IBT) Stock Price Passes Above 200 Day Moving Average of $649.16 - American Banking and Market News

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