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

The Biotech Growth Trust PLC (LON:BIOG) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 800.02 ($10.22) and traded as low as GBX 656.54 ($8.39). The Biotech Growth Trust shares last traded at GBX 666 ($8.51), with a volume of 141,607 shares traded.

The Biotech Growth Trust Trading Down 3.6 %

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 stock has a 50-day simple moving average of GBX 800.02 and a two-hundred day simple moving average of GBX 894.14. The firm has a market cap of £183.41 million, a PE ratio of 2.16 and a beta of 0.50.

Insider Activity

In other The Biotech Growth Trust news, insider Nicola Shepherd purchased 1,000 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were acquired at an average cost of GBX 846 ($10.81) per share, for a total transaction of £8,460 ($10,810.12). Insiders own 0.71% of the company’s stock.

The Biotech Growth Trust Company Profile

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).