The Biotech Growth Trust (LON:BIOG) Trading Down 2.4%

The Biotech Growth Trust PLC (LON:BIOG – Get Rating) dropped 2.4% during trading on Thursday . The company traded as low as GBX 844 ($10.76) and last traded at GBX 846 ($10.78). Approximately 90,440 shares changed hands during trading, a decline of 14% from the average daily volume of 105,499 shares. The stock had previously closed at GBX 867 ($11.05).

The stock has a 50-day simple moving average of GBX 905.36 and a 200 day simple moving average of GBX 1,037.75. The stock has a market capitalization of £348.21 million and a price-to-earnings ratio of -12.63. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 3.49.

About The Biotech Growth Trust (LON:BIOG)

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.

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