IP Group (LON:IPO) Shares Pass Above 200-Day Moving Average – Here’s Why

IP Group Plc (LON:IPOGet Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 45.71 ($0.56) and traded as high as GBX 51.70 ($0.64). IP Group shares last traded at GBX 51.20 ($0.63), with a volume of 1,865,269 shares.

IP Group Price Performance

The company has a quick ratio of 8.59, a current ratio of 9.28 and a debt-to-equity ratio of 14.18. The company has a market cap of £509.42 million, a price-to-earnings ratio of -232.73 and a beta of 1.36. The stock’s 50-day simple moving average is GBX 48.79 and its 200 day simple moving average is GBX 45.71.

About IP Group

(Get Free Report)

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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