The Biotech Growth Trust (LON:BIOG) Shares Cross Below 50-Day Moving Average – What’s Next?

The Biotech Growth Trust PLC (LON:BIOG)’s share price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 1,228.88 and traded as low as GBX 1,225. The Biotech Growth Trust shares last traded at GBX 1,255, with a volume of 49,575 shares trading hands.

The Biotech Growth Trust Stock Performance

The stock has a market capitalization of £260.39 million, a PE ratio of -87.76 and a beta of 0.50. The company has a quick ratio of 0.00, a current ratio of 0.59 and a debt-to-equity ratio of 11.02. The firm has a 50 day moving average price of GBX 1,228.88 and a 200-day moving average price of GBX 1,105.64.

The Biotech Growth Trust (LON:BIOG) last issued its earnings results on Thursday, November 20th. The company reported GBX (1) EPS for the quarter. The Biotech Growth Trust had a net margin of 95.33% and a return on equity of 26.96%.

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).