IP Group (LON:IPO) Shares Down 6.2% - Here's Why

Key Points

• IP Group Plc shares experienced a decline of 6.2% during mid-day trading on Tuesday, closing at GBX 57.30 ($0.77).
• The trading volume fell by 43%, with only 2,891,031 shares changing hands compared to the average of 5,094,256 shares.
• The company has a market cap of £521.70 million with a P/E ratio of -286.93, indicating challenges in profitability.

IP Group Plc (LON:IPO - )'s share price fell 6.2% during mid-day trading on Tuesday . The stock traded as low as GBX 56.60 ($0.76) and last traded at GBX 57.30 ($0.77). 2,891,031 shares traded hands during trading, a decline of 43% from the average session volume of 5,094,256 shares. The stock had previously closed at GBX 61.10 ($0.82).

IP Group Price Performance

The company has a fifty day moving average of GBX 56.76 and a 200-day moving average of GBX 47.77. The firm has a market cap of £521.70 million, a P/E ratio of -286.93 and a beta of 1.36. The company has a debt-to-equity ratio of 13.99, a current ratio of 9.28 and a quick ratio of 8.59.

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.

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