International Biotechnology (LON:IBT) Shares Cross Above 200-Day Moving Average – Time to Sell?

International Biotechnology (LON:IBT)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 853.70 and traded as high as GBX 947.80. International Biotechnology shares last traded at GBX 910, with a volume of 17,920 shares changing hands.

International Biotechnology Stock Performance

The business has a 50 day moving average of GBX 946.69 and a two-hundred day moving average of GBX 853.70. The stock has a market capitalization of £293.54 million, a PE ratio of -279.66 and a beta of 0.21.

About International Biotechnology

The Company’s investment objective is to achieve long-term capital growth by investing in biotechnology and other life sciences companies.

The Company will seek to achieve its objective by investing in a diversified portfolio of companies which may be quoted or unquoted and whose shares are considered to have good growth prospects, with experienced management and strong potential upside through the development and/or commercialisation of a product, device or enabling technology. Investments may also be made in related sectors such as medical devices and healthcare services.