International Biotechnology (LON:IBT) Stock Passes Above Two Hundred Day Moving Average of $646.39

International Biotechnology (LON:IBT) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 646.39 ($8.28) and traded as high as GBX 666 ($8.53). International Biotechnology shares last traded at GBX 662 ($8.48), with a volume of 136,587 shares trading hands.

International Biotechnology Trading Up 0.9 %

The firm has a market cap of £273.98 million, a P/E ratio of 666.67 and a beta of 0.18. The company has a debt-to-equity ratio of 8.19, a current ratio of 0.27 and a quick ratio of 0.32. The stock has a 50 day moving average of GBX 643.81 and a 200 day moving average of GBX 647.33.

International Biotechnology Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, August 23rd. Investors of record on Thursday, July 25th will be paid a GBX 14.50 ($0.19) dividend. This represents a yield of 2.28%. The ex-dividend date of this dividend is Thursday, July 25th. This is a boost from International Biotechnology’s previous dividend of $13.90. International Biotechnology’s dividend payout ratio is currently 2,666.67%.

International Biotechnology Company Profile

International Biotechnology Trust plc specializes in investments in development stage and late stage companies. The majority of the fund's assets are generally invested in smaller and mid-capitalization quoted companies, with a minority in larger capitalization quoted companies. It makes long only investments.