Invesco Bond Income Plus (LON:BIPS) Stock Price Down 0.3% – Time to Sell?

Shares of Invesco Bond Income Plus Limited (LON:BIPS) traded down 0.3% during trading on Thursday . The company traded as low as GBX 176 ($2.34) and last traded at GBX 176 ($2.34). 372,716 shares changed hands during mid-day trading, a decline of 8% from the average session volume of 407,204 shares. The stock had previously closed at GBX 176.50 ($2.35).

Invesco Bond Income Plus Price Performance

The business’s 50 day moving average price is GBX 174.17 and its 200 day moving average price is GBX 172.25. The stock has a market capitalization of £395.95 million, a P/E ratio of 1,329.55 and a beta of 0.40. The company has a debt-to-equity ratio of 12.95, a current ratio of 0.31 and a quick ratio of 0.09.

Invesco Bond Income Plus (LON:BIPS) last announced its quarterly earnings results on Friday, August 15th. The company reported GBX 6.26 EPS for the quarter. Invesco Bond Income Plus had a net margin of 157.83% and a return on equity of 11.70%.

Insider Transactions at Invesco Bond Income Plus

In related news, insider Christine Johnson sold 2,539 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of GBX 176, for a total transaction of £4,468.64. Company insiders own 0.45% of the company’s stock.

About Invesco Bond Income Plus

Managed by Rhys Davies and Edward Craven, the Company’s investment objective is to seek to obtain both high income and capital growth from investment, predominantly in high-yielding fixed-interest securities.