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BioPharma Credit (LON:BPCR) Stock Passes Below 50 Day Moving Average - What's Next?

BioPharma Credit logo with Financial Services background

BioPharma Credit (LON:BPCR - Get Free Report)'s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 0.87 ($0.01) and traded as low as GBX 0.86 ($0.01). BioPharma Credit shares last traded at GBX 0.86 ($0.01), with a volume of 319,248 shares changing hands.

BioPharma Credit Price Performance

The stock has a fifty day moving average price of GBX 0.86 and a 200-day moving average price of GBX 0.87. The company has a market cap of £954.52 million, a PE ratio of 9.14 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. Investors of record on Thursday, April 3rd will be given a dividend of $0.02 per share. The ex-dividend date is Thursday, April 3rd. This represents a yield of 1.99%. BioPharma Credit's payout ratio is 7,957.15%.

About BioPharma Credit

(Get Free Report)

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.

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