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The Biotech Growth Trust (LON:BIOG) Share Price Passes Below 50 Day Moving Average - What's Next?

The Biotech Growth Trust logo with Financial Services background

Shares of The Biotech Growth Trust PLC (LON:BIOG - Get Free Report) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 750.93 ($10.01) and traded as low as GBX 720 ($9.59). The Biotech Growth Trust shares last traded at GBX 734 ($9.78), with a volume of 45,707 shares traded.

The Biotech Growth Trust Stock Performance

The company has a market cap of £212.55 million, a P/E ratio of 2.50 and a beta of 0.50. The firm has a 50-day moving average of GBX 740.59 and a 200 day moving average of GBX 857.17. The company has a current ratio of 0.59, a quick ratio of 0.00 and a debt-to-equity ratio of 11.02.

About The Biotech Growth Trust

(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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