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The Biotech Growth Trust (LON:BIOG) Shares Cross Below Fifty Day Moving Average - Here's Why

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The Biotech Growth Trust PLC (LON:BIOG - Get Free Report) shares passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 843.02 ($10.90) and traded as low as GBX 762.43 ($9.86). The Biotech Growth Trust shares last traded at GBX 763 ($9.86), with a volume of 89,042 shares traded.

The Biotech Growth Trust Price Performance

The stock has a market cap of £223.41 million, a P/E ratio of 2.63 and a beta of 0.50. The business has a 50-day simple moving average of GBX 840.73 and a 200 day simple moving average of GBX 931.11. The company has a current ratio of 0.59, a quick ratio of 0.00 and a debt-to-equity ratio of 11.02.

Insider Activity at The Biotech Growth Trust

In related news, insider Nicola Shepherd acquired 1,000 shares of the stock in a transaction dated Monday, January 13th. The stock was bought at an average price of GBX 846 ($10.94) per share, for a total transaction of £8,460 ($10,935.88). Also, insider Hamish Baillie bought 1,200 shares of the company's stock in a transaction that occurred on Thursday, December 19th. The shares were bought at an average price of GBX 856 ($11.07) per share, for a total transaction of £10,272 ($13,278.18). 0.71% of the stock is currently owned by company insiders.

The Biotech Growth Trust Company Profile

(Get Free Report)

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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