BioPharma Credit (LON:BPCR) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

by · The Cerbat Gem

Shares of BioPharma Credit (LON:BPCR – Get Free Report) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 0.87 ($0.01) and traded as low as GBX 0.86 ($0.01). BioPharma Credit shares last traded at GBX 0.86 ($0.01), with a volume of 319,248 shares.

BioPharma Credit Stock Performance

The company’s 50 day moving average is GBX 0.87 and its 200 day moving average is GBX 0.87. The stock has a market capitalization of £1.02 billion, a price-to-earnings ratio of 9.80 and a beta of 0.22.

BioPharma Credit Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, May 7th. Investors of record on Thursday, April 3rd will be paid a $0.02 dividend. This represents a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, April 3rd. BioPharma Credit’s payout ratio is presently 7,957.15%.

About BioPharma Credit

(Get Free Report)

BioPharma Credit PLC, an investment trust, primarily invests in interest-bearing debt assets. Its debt assets are secured by royalties or other cash flows derived from the sales of approved life sciences products. The company was incorporated in 2016 and is based in London, the United Kingdom.

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