International Biotechnology (LON:IBT) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Shares of International Biotechnology (LON:IBT) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 817.65 and traded as high as GBX 940. International Biotechnology shares last traded at GBX 918, with a volume of 83,252 shares changing hands.

International Biotechnology Stock Performance

The company has a market cap of £292.87 million, a P/E ratio of -279.03 and a beta of 0.21. The stock has a 50-day moving average of GBX 961.23 and a two-hundred day moving average of GBX 818.92.

International Biotechnology (LON:IBT) last released its earnings results on Thursday, November 6th. The company reported GBX (11.42) EPS for the quarter. International Biotechnology had a return on equity of 13.67% and a net margin of 90.66%. Research analysts predict that International Biotechnology will post 0.9435943 EPS for the current year.

About International Biotechnology

The Company’s investment objective is to achieve long-term capital growth by investing in biotechnology and other life sciences companies.

The Company will seek to achieve its objective by investing in a diversified portfolio of companies which may be quoted or unquoted and whose shares are considered to have good growth prospects, with experienced management and strong potential upside through the development and/or commercialisation of a product, device or enabling technology. Investments may also be made in related sectors such as medical devices and healthcare services.