International Biotechnology (LON:IBT) Posts Earnings Results

International Biotechnology (LON:IBTGet Free Report) released its quarterly earnings results on Tuesday. The company reported GBX (4.83) earnings per share (EPS) for the quarter, Digital Look Earnings reports. International Biotechnology had a negative net margin of 6.26% and a negative return on equity of 0.45%. The firm had revenue of GBX 24 million for the quarter.

International Biotechnology Trading Up 0.4%

IBT opened at GBX 980 on Wednesday. The company’s 50 day moving average is GBX 932.43 and its 200 day moving average is GBX 929.26. The company has a market cap of £311.91 million, a price-to-earnings ratio of -297.87 and a beta of 0.49. International Biotechnology has a 12-month low of GBX 546 and a 12-month high of GBX 1,010.

International Biotechnology Company Profile

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The Company’s investment objective is to achieve long-term capital growth by investing in biotechnology and other life sciences companies.

The Company will seek to achieve its objective by investing in a diversified portfolio of companies which may be quoted or unquoted and whose shares are considered to have good growth prospects, with experienced management and strong potential upside through the development and/or commercialisation of a product, device or enabling technology. Investments may also be made in related sectors such as medical devices and healthcare services.

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