International Biotechnology (LON:IBT) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

International Biotechnology (LON:IBT) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 629.91 ($8.41) and traded as high as GBX 842 ($11.24). International Biotechnology shares last traded at GBX 816.10 ($10.90), with a volume of 231,055 shares.

International Biotechnology Trading Down 2.4%

The stock has a market cap of £269.52 million, a P/E ratio of 1,688.24 and a beta of 0.21. The firm’s fifty day moving average is GBX 703.85 and its 200 day moving average is GBX 629.91.

About International Biotechnology

The Company’s investment objective is to achieve long-term capital growth by investing in biotechnology and other life sciences companies.

The Company will seek to achieve its objective by investing in a diversified portfolio of companies which may be quoted or unquoted and whose shares are considered to have good growth prospects, with experienced management and strong potential upside through the development and/or commercialisation of a product, device or enabling technology.