IP Group (LON:IPO) Stock Crosses Above 200-Day Moving Average – What’s Next?

IP Group Plc (LON:IPOGet Free Report)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 46.85 ($0.59) and traded as high as GBX 52.40 ($0.66). IP Group shares last traded at GBX 49.25 ($0.62), with a volume of 3,856,036 shares changing hands.

IP Group Stock Down 0.9 %

The company has a fifty day moving average price of GBX 51.50 and a 200-day moving average price of GBX 46.91. The stock has a market capitalization of £465.72 million, a P/E ratio of -2.19 and a beta of 1.36. The company has a quick ratio of 8.59, a current ratio of 9.28 and a debt-to-equity ratio of 13.99.

About IP Group

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IP Group accelerates the impact of science for a better future. As the most active UK based, early-stage science investor, we develop and support some of the world’s most exciting businesses in deeptech, life sciences and cleantech (led by Kiko Ventures). Through Parkwalk, the UK’s largest growth EIS fund manager, we also back world-changing innovation emerging in leading universities and research institutions.

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