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The Biotech Growth Trust (LON:BIOG) Share Price Crosses Below Fifty Day Moving Average - Here's What Happened

The Biotech Growth Trust logo with Financial Services background

The Biotech Growth Trust PLC (LON:BIOG - Get Free Report) shares crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 708.69 ($9.62) and traded as low as GBX 703.72 ($9.56). The Biotech Growth Trust shares last traded at GBX 724 ($9.83), with a volume of 189,971 shares.

The Biotech Growth Trust Stock Performance

The business has a 50-day moving average of GBX 707.61 and a 200 day moving average of GBX 804.24. The company has a debt-to-equity ratio of 11.02, a current ratio of 0.59 and a quick ratio of 0.00. The company has a market cap of £217.69 million, a PE ratio of 2.56 and a beta of 0.50.

Insider Buying and Selling

In related news, insider Roger Yates bought 10,000 shares of the company's stock in a transaction on Wednesday, June 4th. The shares were bought at an average price of GBX 747 ($10.14) per share, with a total value of £74,700 ($101,439.44). 0.71% of the stock is currently owned by company insiders.

The Biotech Growth Trust Company Profile

(Get Free Report)

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).

Further Reading

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