Frontier IP Group (LON:FIPP) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Frontier IP Group Plc (LON:FIPPGet Free Report)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 14.60 and traded as low as GBX 13. Frontier IP Group shares last traded at GBX 13.20, with a volume of 504,307 shares trading hands.

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 Monday, July 6th.

Get Our Latest Research Report on FIPP

Frontier IP Group Price Performance

The stock’s 50-day moving average price is GBX 15.64 and its 200-day moving average price is GBX 14.60. The company has a current ratio of 4.61, a quick ratio of 23.03 and a debt-to-equity ratio of 31.75. The stock has a market cap of £10.89 million, a price-to-earnings ratio of -1.12 and a beta of 0.49.

About Frontier IP Group

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Frontier IP Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frontier IP Group and related companies with MarketBeat.com's FREE daily email newsletter.