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The Biotech Growth Trust (LON:BIOG) Shares Cross Above 200-Day Moving Average - What's Next?

The Biotech Growth Trust logo with Financial Services background

Key Points

  • The Biotech Growth Trust PLC shares have moved above their 200-day moving average, which currently stands at GBX 769.21 ($10.41), indicating a positive trend for the stock.
  • As of the latest trading session, the stock reached a high of GBX 954 ($12.91) and last traded at GBX 942 ($12.74) with a total volume of 181,498 shares.
  • The company focuses on capital appreciation through investments in the biotechnology industry, measuring performance against the NASDAQ Biotechnology Index.
  • Five stocks to consider instead of The Biotech Growth Trust.

The Biotech Growth Trust PLC (LON:BIOG - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 769.21 ($10.43) and traded as high as GBX 954 ($12.94). The Biotech Growth Trust shares last traded at GBX 942 ($12.78), with a volume of 181,498 shares changing hands.

The Biotech Growth Trust Stock Performance

The company has a quick ratio of 0.00, a current ratio of 0.59 and a debt-to-equity ratio of 11.02. The company has a market capitalization of £222.24 million, a PE ratio of -355.32 and a beta of 0.50. The stock's fifty day simple moving average is GBX 844.67 and its 200-day simple moving average is GBX 771.89.

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).

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