The Biotech Growth Trust (LON:BIOG) Stock Price Passes Below 50 Day Moving Average – Time to Sell?

The Biotech Growth Trust PLC (LON:BIOG) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 832.17 ($10.74) and traded as low as GBX 760 ($9.81). The Biotech Growth Trust shares last traded at GBX 776 ($10.02), with a volume of 223,188 shares trading hands.

The Biotech Growth Trust Stock Up 0.8 %

The company has a debt-to-equity ratio of 11.02, a quick ratio of 0.00 and a current ratio of 0.59. The stock has a market cap of £221.69 million, a price-to-earnings ratio of 2.61 and a beta of 0.50. The firm’s 50-day simple moving average is GBX 832.17 and its two-hundred day simple moving average is GBX 923.93.

Insider Buying and Selling at The Biotech Growth Trust

In related news, insider Nicola Shepherd acquired 1,000 shares of the stock in a transaction on Monday, January 13th. The stock was purchased at an average price of GBX 846 ($10.92) per share, for a total transaction of £8,460 ($10,923.18). Corporate insiders own 0.71% of the company’s stock.

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).