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

Key Points

• IP Group Plc's shares dropped by 6.2% on Wednesday, trading as low as GBX 56.60 ($0.76) before closing at GBX 57.30 ($0.77).
• The company's market capitalization stands at £521.70 million with a significant negative price-to-earnings ratio of -286.93.
• IP Group is identified as the most active UK-based early-stage science investor, focusing on businesses in deeptech, life sciences, and cleantech.

Shares of IP Group Plc (LON:IPO - Get Free Report) were down 6.2% during mid-day trading on Wednesday . 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 were traded 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 ($0.82).

IP Group Stock Up 2.2%

The business has a fifty day moving average price of GBX 57.23 and a two-hundred day moving average price of GBX 48.03. The firm has a market capitalization of £543.69 million, a price-to-earnings ratio of -301.45 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.

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.