BioPharma Credit (LON:BPCR) Hits New 12-Month Low - Here's Why

BioPharma Credit (LON:BPCR - Get Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 0.81 ($0.01) and last traded at GBX 0.83 ($0.01), with a volume of 977545 shares traded. The stock had previously closed at GBX 0.84 ($0.01).

BioPharma Credit Price Performance

The firm has a 50-day simple moving average of GBX 0.86 and a 200 day simple moving average of GBX 0.87. The stock has a market capitalization of £994.88 million, a P/E ratio of 9.53 and a beta of 0.22.

BioPharma Credit Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Thursday, April 3rd will be paid a $0.02 dividend. This represents a dividend yield of 1.99%. The ex-dividend date is Thursday, April 3rd. BioPharma Credit's dividend payout ratio is currently 7,957.15%.

BioPharma Credit Company Profile

BioPharma Credit PLC, an investment trust, primarily invests in interest-bearing debt assets. Its debt assets are secured by royalties or other cash flows derived from the sales of approved life sciences products. The company was incorporated in 2016 and is based in London, the United Kingdom.