Invesco Bond Income Plus (LON:BIPS) Shares Down 1% - Here's Why

Key Points

• Invesco Bond Income Plus (LON:BIPS) experienced a stock price decline of 1%, closing at GBX 171.50 ($2.27) after trading as low as GBX 170.80 ($2.26).
• The company has a high debt-to-equity ratio of 12.95 and a market capitalization of £348.27 million, with a PE ratio of 8.78.
• Invesco Bond Income Plus aims to achieve high income and capital growth primarily through investments in high-yielding fixed-interest securities.

Invesco Bond Income Plus Limited (LON:BIPS - Get Free Report) traded down 1% during mid-day trading on Wednesday . The company traded as low as GBX 170.80 ($2.27) and last traded at GBX 171.50 ($2.28). 419,861 shares changed hands during mid-day trading, an increase of 7% from the average session volume of 393,379 shares. The stock had previously closed at GBX 173.25 ($2.30).

Invesco Bond Income Plus Price Performance

The company has a current ratio of 0.31, a quick ratio of 0.09 and a debt-to-equity ratio of 12.95. The stock's 50-day moving average is GBX 172.18 and its 200-day moving average is GBX 171.53. The company has a market cap of £347.25 million, a price-to-earnings ratio of 8.76 and a beta of 0.40.

Invesco Bond Income Plus Company Profile

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.