IP Group (LON:IPO) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

IP Group Plc (LON:IPO) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 45.87 ($0.62) and traded as high as GBX 49.05 ($0.67). IP Group shares last traded at GBX 48.10 ($0.65), with a volume of 2,160,370 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 126 ($1.71) price objective on shares of IP Group in a research note on Tuesday, March 25th.

IP Group Stock Performance

The company has a quick ratio of 8.59, a current ratio of 9.28 and a debt-to-equity ratio of 13.99. The company has a market cap of £455.96 million, a PE ratio of -2.15 and a beta of 1.36. The stock’s 50 day simple moving average is GBX 43.37 and its two-hundred day simple moving average is GBX 45.87.

IP Group (LON:IPO) last released its quarterly earnings data on Tuesday, March 25th. The company reported GBX (19.97) (($0.27)) earnings per share (EPS) for the quarter. IP Group had a negative return on equity of 19.85% and a net margin of 106.78%. As a group, research analysts anticipate that IP Group Plc will post 19.6245031 earnings per share for the current year.

IP Group Company Profile

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.