The Biotech Growth Trust (LON:BIOG) Shares Pass Below 50-Day Moving Average of $882.73

The Biotech Growth Trust PLC (LON:BIOG – Get Rating) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 882.73 ($10.88) and traded as low as GBX 749.94 ($9.25). The Biotech Growth Trust shares last traded at GBX 758.88 ($9.36), with a volume of 125,758 shares trading hands.

The stock has a market capitalization of £310.63 million and a PE ratio of -11.33. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 3.49. The stock’s 50 day moving average price is GBX 882.73 and its 200-day moving average price is GBX 1,009.67.

The Biotech Growth Trust Company Profile (LON:BIOG)

The Biotech Growth Trust PLC is a closed ended equity mutual fund launched by Frostrow Capital LLP. It is co-managed by OrbiMed Capital LLC. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the biotechnology sector. The fund invests in stocks of companies across all market capitalizations.

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