Invesco Bond Income Plus (LON:BIPS) Trading Down 0.3% - Here's Why

Key Points

• Shares of Invesco Bond Income Plus Limited (LON:BIPS) fell by 0.3%, trading last at GBX 173 ($2.32) after reaching a low of GBX 172.65 during the session.
• The company reported a return on equity of 11.70% and a significant net margin of 157.83% in its last quarterly earnings.
• Invesco Bond Income Plus aims for high income and capital growth through investment in high-yielding fixed-interest securities, managed by Rhys Davies and Edward Craven.

Invesco Bond Income Plus Limited (LON:BIPS - Get Free Report)'s share price dropped 0.3% during trading on Thursday . The company traded as low as GBX 172.65 ($2.33) and last traded at GBX 173 ($2.34). Approximately 616,003 shares were traded during mid-day trading, an increase of 56% from the average daily volume of 395,487 shares. The stock had previously closed at GBX 173.50 ($2.34).

Invesco Bond Income Plus Stock Up 0.6%

The business's fifty day moving average price is GBX 172.58 and its 200 day moving average price is GBX 171.75. The firm has a market capitalization of £353.35 million, a price-to-earnings ratio of 8.91 and a beta of 0.40. The company has a current ratio of 0.31, a quick ratio of 0.09 and a debt-to-equity ratio of 12.95.

Invesco Bond Income Plus (LON:BIPS - Get Free Report) last announced its earnings results on Friday, August 15th. The company reported GBX 6.26 EPS for the quarter. Invesco Bond Income Plus had a net margin of 157.83% and a return on equity of 11.70%.

About Invesco Bond Income Plus

Managed by Rhys Davies and Edward Craven, the Company's investment objective is to seek to obtain both high income and capital growth from investment, predominantly in high-yielding fixed-interest securities.