BioPharma Credit (LON:BPCR) Sets New 1-Year High - Here's Why

Shares of BioPharma Credit (LON:BPCR - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 0.91 ($0.01) and last traded at GBX 0.88 ($0.01), with a volume of 3483385 shares changing hands. The stock had previously closed at GBX 0.89 ($0.01).

BioPharma Credit Price Performance

The business's 50 day simple moving average is GBX 0.86 and its 200-day simple moving average is GBX 0.87. The stock has a market capitalization of £1.06 billion, a P/E ratio of 10.12 and a beta of 0.22.

BioPharma Credit Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 6th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a dividend yield of 3.4%. BioPharma Credit's dividend payout ratio is 7,957.15%.

About BioPharma Credit

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.