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International Biotechnology (LON:IBT) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

International Biotechnology logo with Financial Services background

International Biotechnology (LON:IBT - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 622.69 ($8.44) and traded as high as GBX 666 ($9.03). International Biotechnology shares last traded at GBX 666 ($9.03), with a volume of 86,332 shares changing hands.

International Biotechnology Trading Up 1.2%

The business's 50-day simple moving average is GBX 624.13 and its two-hundred day simple moving average is GBX 620.51. The company has a market capitalization of £241.39 million, a PE ratio of 6.41 and a beta of 0.21.

International Biotechnology Company Profile

(Get Free Report)

The Company's investment objective is to achieve long-term capital growth by investing in biotechnology and other life sciences companies. The Company will seek to achieve its objective by investing in a diversified portfolio of companies which may be quoted or unquoted and whose shares are considered to have good growth prospects, with experienced management and strong potential upside through the development and/or commercialisation of a product, device or enabling technology.

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