IP Group (LON:IPO) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• IP Group Plc's shares crossed above their 200-day moving average during trading, reaching a high of GBX 57.20 ($0.76) before last trading at GBX 56.60 ($0.75).
• The company holds a market capitalization of £537.29 million and has a notably high quick ratio of 8.59, indicating strong liquidity.
• IP Group is a prominent early-stage science investor in the UK, focusing on sectors including deeptech, life sciences, and cleantech.

IP Group Plc (LON:IPO - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 46.55 ($0.63) and traded as high as GBX 57.20 ($0.77). IP Group shares last traded at GBX 56.60 ($0.76), with a volume of 1,348,205 shares.

IP Group Stock Up 0.9%

The company has a debt-to-equity ratio of 13.99, a current ratio of 9.28 and a quick ratio of 8.59. The business has a 50 day moving average price of GBX 52.55 and a 200 day moving average price of GBX 46.74. The firm has a market capitalization of £550.75 million, a P/E ratio of -2.59 and a beta of 1.36.

About IP Group

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.