IP Group (LON:IPO) Stock Price Down 6.2% - Here's What Happened

Key Points

• IP Group Plc shares fell 6.2% to GBX 57.30 ($0.77) on Tuesday, with a trading volume of 2,891,031 shares, down 43% from its typical volume.
• The company has a high debt-to-equity ratio of 13.99 and a market capitalization of £523.52 million, highlighting its complex financial profile.
• IP Group is recognized as a leading UK-based early-stage science investor, focusing on sectors such as deeptech, life sciences, and cleantech.

IP Group Plc (LON:IPO - Get Free Report)'s stock price dropped 6.2% during trading on Tuesday . The company traded as low as GBX 56.60 ($0.76) and last traded at GBX 57.30 ($0.77). Approximately 2,891,031 shares traded hands during trading, a decline of 43% from the average daily volume of 5,094,256 shares. The stock had previously closed at GBX 61.10 ($0.83).

IP Group Stock Up 1.0%

The company has a market cap of £536.27 million, a P/E ratio of -294.94 and a beta of 1.36. The company's 50-day moving average is GBX 57.23 and its two-hundred day moving average is GBX 48. The company has a debt-to-equity ratio of 13.99, a current ratio of 9.28 and a quick ratio of 8.59.

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.