The Biotech Growth Trust (LON:BIOG) Stock Crosses Below 50 Day Moving Average - Time to Sell?

The Biotech Growth Trust PLC (LON:BIOG - Get Free Report)'s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 750.93 ($10.02) and traded as low as GBX 720 ($9.60). The Biotech Growth Trust shares last traded at GBX 734 ($9.79), with a volume of 45,707 shares changing hands.

The Biotech Growth Trust Price Performance

The company has a debt-to-equity ratio of 11.02, a quick ratio of 0.00 and a current ratio of 0.59. The company has a market capitalization of £210.72 million, a price-to-earnings ratio of 2.48 and a beta of 0.50. The company has a 50-day moving average price of GBX 748.67 and a 200-day moving average price of GBX 864.72.

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).

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