International Biotechnology (LON:IBT) saw a significant uptick in its share price during trading on Tuesday, crossing above its 200-day moving average of GBX 656.05 ($8.65). The stock reached a peak of GBX 689.11 ($9.09) before settling at GBX 682 ($8.99) with a trading volume of 107,552 shares.
The company currently holds a market capitalization of £254.37 million and boasts a P/E ratio of 1,420.83. With a beta of 0.21, International Biotechnology demonstrates relative stability in the market. However, its financial ratios indicate some caution: a debt-to-equity ratio of 9.66, a quick ratio of 0.32, and a current ratio of 0.46.
The stock’s performance is also highlighted by its fifty-day moving average of GBX 674.10, which further supports the recent bullish trend.
In addition to its stock performance, International Biotechnology recently declared a dividend of GBX 14.50 ($0.19), which was paid on August 23. Shareholders who were on record as of July 25 received this dividend, reflecting a yield of 2.28%. This marks an increase from the previous dividend of GBX 13.90. Notably, the company’s payout ratio stands at an unusual 6,041.67%.
