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

The Biotech Growth Trust PLC (LON:BIOG)’s stock price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 823.62 ($10.64) and traded as low as GBX 726 ($9.38). The Biotech Growth Trust shares last traded at GBX 754 ($9.74), with a volume of 503,509 shares.

The Biotech Growth Trust Stock Performance

The stock’s 50-day moving average price is GBX 823.62 and its 200-day moving average price is GBX 910.43. The company has a current ratio of 0.59, a quick ratio of 0.00 and a debt-to-equity ratio of 11.02. The company has a market capitalization of £214.78 million, a P/E ratio of 2.52 and a beta of 0.50.

Insiders Place Their Bets

In other news, insider Nicola Shepherd purchased 1,000 shares of the stock in a transaction dated Monday, January 13th. The stock was acquired at an average price of GBX 846 ($10.93) per share, for a total transaction of £8,460 ($10,930.23). 0.71% of the stock is currently owned by corporate insiders.

The Biotech Growth Trust Company Profile

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).