Frontier IP Group Plc (LON:FIPP – Get Free Report) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 16.44 and traded as low as GBX 13.50. Frontier IP Group shares last traded at GBX 13.94, with a volume of 126,035 shares.
Wall Street Analyst Weigh In
Separately, Shore Capital Group reissued a “house stock” rating on shares of Frontier IP Group in a research note on Wednesday, June 17th.
View Our Latest Report on Frontier IP Group
Frontier IP Group Trading Down 0.4%
Frontier IP Group (LON:FIPP – Get Free Report) last announced its quarterly earnings results on Monday, March 30th. The company reported GBX (4.54) earnings per share (EPS) for the quarter. Frontier IP Group had a negative net margin of 2,477.36% and a negative return on equity of 19.23%. The company had revenue of GBX 13 million for the quarter.
About Frontier IP Group
Frontier IP Group builds value by uniting science, industry and finance to commercialise university intellectual property.
Our strategy is based on proving the commercial worth of IP developed by our portfolio companies before raising significant sums of money to support their further growth. We earn equity stakes in return for providing a range of hands-on commercialisation services.
The spin outs we work with include those at the cutting edge of developing new vaccines and antibiotics, agricultural robotics, sustainable materials and improving the energy efficiency of solar cells and power converters.
Our portfolio companies’ IP is based on research from universities in the UK and Portugal, including Cambridge, Plymouth, Heriot-Watt, the University of Central Lancashire, NOVA University, Lisbon FCT NOVA, and INESC TEC.
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