BioPharma Credit (LON:BPCR) Trading Down 0.7% - Here's Why

BioPharma Credit (LON:BPCR - Get Free Report) traded down 0.7% on Wednesday . The stock traded as low as GBX 0.85 ($0.01) and last traded at GBX 0.85 ($0.01). 183,907 shares were traded during mid-day trading, a decline of 80% from the average session volume of 928,503 shares. The stock had previously closed at GBX 0.86 ($0.01).

BioPharma Credit Stock Performance

The stock has a market capitalization of £1.03 billion, a P/E ratio of 9.87 and a beta of 0.22. The firm's fifty day simple moving average is GBX 0.87 and its 200 day simple moving average is GBX 0.86.

BioPharma Credit Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 7th. Investors of record on Thursday, April 3rd will be issued a dividend of $0.02 per share. This represents a dividend yield of 1.99%. The ex-dividend date is Thursday, April 3rd. BioPharma Credit's dividend payout ratio (DPR) is 7,957.15%.

BioPharma Credit Company Profile

BioPharma Credit PLC, an investment trust, primarily invests in interest-bearing debt assets. Its debt assets are secured by royalties or other cash flows derived from the sales of approved life sciences products. The company was incorporated in 2016 and is based in London, the United Kingdom.