IP Group (LON:IPO) Sets New 12-Month High - Still a Buy?

Key Points

• IP Group Plc's shares reached a new 52-week high at GBX 60.93 ($0.82) during mid-day trading, marking a notable increase from the previous close of GBX 59.80 ($0.80).
• The company boasts a market cap of £581.48 million and maintains strong liquidity ratios, including a quick ratio of 8.59 and a current ratio of 9.28.
• IP Group is recognized as the most active UK-based early-stage science investor, focusing on deeptech, life sciences, and cleantech business developments.

IP Group Plc (LON:IPO - Get Free Report) hit a new 52-week high on Friday . The stock traded as high as GBX 60.93 ($0.82) and last traded at GBX 60.93 ($0.82), with a volume of 1099414 shares traded. The stock had previously closed at GBX 59.80 ($0.80).

IP Group Stock Performance

The company has a 50 day moving average of GBX 55.25 and a 200 day moving average of GBX 47.30. The firm has a market cap of £584.06 million, a price-to-earnings ratio of -2.75 and a beta of 1.36. The company has a quick ratio of 8.59, a current ratio of 9.28 and a debt-to-equity ratio of 13.99.

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.