BioPharma Credit (LON:BPCR) Share Price Passes Below 50-Day Moving Average – Here’s Why

BioPharma Credit (LON:BPCR) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 0.87 ($0.01) and traded as low as GBX 0.86 ($0.01). BioPharma Credit shares last traded at GBX 0.86 ($0.01), with a volume of 319,248 shares changing hands.

BioPharma Credit Stock Down 1.1 %

The stock has a market capitalization of £1.02 billion, a P/E ratio of 9.80 and a beta of 0.22. The business has a fifty day moving average price of GBX 0.87 and a 200-day moving average price of GBX 0.87.

BioPharma Credit Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Thursday, April 3rd will be paid a $0.02 dividend. The ex-dividend date is Thursday, April 3rd. This represents a dividend yield of 1.99%. BioPharma Credit’s dividend payout ratio (DPR) is presently 7,957.15%.

BioPharma Credit Company Profile

BioPharma Credit PLC, an investment trust, primarily invests in interest-bearing debt assets. Its debt assets are secured by royalties or other cash flows derived from the sales of approved life sciences products. The company was incorporated in 2016 and is based in London, the United Kingdom.