The Biotech Growth Trust (LON:BIOG) Shares Pass Below Fifty Day Moving Average – Should You Sell?

The Biotech Growth Trust PLC (LON:BIOG)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 1,228.88 and traded as low as GBX 1,225. The Biotech Growth Trust shares last traded at GBX 1,255, with a volume of 49,575 shares.

The Biotech Growth Trust Stock Performance

The firm’s fifty day simple moving average is GBX 1,228.88 and its 200 day simple moving average is GBX 1,105.64. The company has a market capitalization of £260.39 million, a PE ratio of -87.76 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 Biotech Growth Trust (LON:BIOG) last issued its quarterly earnings data on Thursday, November 20th. The company reported GBX (1) earnings per share (EPS) for the quarter. The Biotech Growth Trust had a net margin of 95.33% and a return on equity of 26.96%.

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).