IP Group (LON:IPO – Get Free Report) announced its quarterly earnings results on Tuesday. The company reported GBX (19.97) (($0.26)) earnings per share (EPS) for the quarter, Digital Look Earnings reports. IP Group had a net margin of 106.78% and a negative return on equity of 19.85%.
IP Group Price Performance
Shares of IPO stock opened at GBX 41.85 ($0.54) on Thursday. IP Group has a 1 year low of GBX 35.65 ($0.46) and a 1 year high of GBX 56.20 ($0.72). The company has a current ratio of 9.28, a quick ratio of 8.59 and a debt-to-equity ratio of 13.99. The firm’s 50 day moving average is GBX 46.34 and its 200-day moving average is GBX 47.44. The firm has a market capitalization of £399.39 million, a price-to-earnings ratio of -1.88 and a beta of 1.36.
Analysts Set New Price Targets
Separately, Berenberg Bank restated a “buy” rating and issued a GBX 126 ($1.62) target price on shares of IP Group in a research note on Tuesday.
About IP Group
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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