The Biotech Growth Trust (LON:BIOG) Stock Passes Below 50-Day Moving Average – Here’s Why

The Biotech Growth Trust PLC (LON:BIOG)’s share price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 823.62 ($10.64) and traded as low as GBX 726 ($9.38). The Biotech Growth Trust shares last traded at GBX 754 ($9.74), with a volume of 503,509 shares changing hands.

The Biotech Growth Trust Stock Performance

The firm has a market capitalization of £214.78 million, a PE ratio of 2.52 and a beta of 0.50. The company has a debt-to-equity ratio of 11.02, a current ratio of 0.59 and a quick ratio of 0.00. The stock has a 50-day moving average price of GBX 823.62 and a 200-day moving average price of GBX 910.43.

Insiders Place Their Bets

In related news, insider Nicola Shepherd purchased 1,000 shares of The Biotech Growth Trust stock in a transaction dated Monday, January 13th. The shares were acquired at an average price of GBX 846 ($10.93) per share, with a total value of £8,460 ($10,930.23). 0.71% of the stock is owned by company insiders.

About The Biotech Growth Trust

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).