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

The Biotech Growth Trust PLC (LON:BIOG)’s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 1,030.17 ($13.41) and traded as low as GBX 1,016 ($13.23). The Biotech Growth Trust shares last traded at GBX 1,036 ($13.49), with a volume of 65,318 shares changing hands.

The Biotech Growth Trust Price Performance

The company has a debt-to-equity ratio of 13.03, a current ratio of 0.33 and a quick ratio of 0.00. The company has a market capitalization of £328.37 million, a price-to-earnings ratio of 495.65 and a beta of 0.50. The stock has a fifty day simple moving average of GBX 1,030.45 and a 200-day simple moving average of GBX 1,003.33.

About The Biotech Growth Trust

The Biotech Growth Trust PLC is a closed ended equity mutual fund launched by Frostrow Capital LLP. It is co-managed by OrbiMed Capital LLC. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the biotechnology sector. The fund invests in stocks of companies across all market capitalizations.