Invesco Bond Income Plus (LON:BIPS) Trading Up 0.3% – Here’s Why

Invesco Bond Income Plus Limited (LON:BIPS) rose 0.3% on Friday . The stock traded as high as GBX 176 and last traded at GBX 175.50. Approximately 595,132 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 734,599 shares. The stock had previously closed at GBX 175.

Invesco Bond Income Plus Price Performance

The stock has a market capitalization of £425.55 million, a P/E ratio of 13.26 and a beta of 0.40. The business has a fifty day simple moving average of GBX 174.69 and a 200 day simple moving average of GBX 174.41. The company has a current ratio of 0.31, a quick ratio of 0.09 and a debt-to-equity ratio of 12.95.

Insider Transactions at Invesco Bond Income Plus

In related news, insider Caroline Dutot purchased 57,140 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The stock was acquired at an average price of GBX 175 per share, for a total transaction of £99,995. Company insiders own 0.45% of the company’s stock.

About Invesco Bond Income Plus

Managed by Rhys Davies and Edward Craven, the Company’s investment objective is to seek to obtain both high income and capital growth from investment, predominantly in high-yielding fixed-interest securities.