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IP Group (LON:IPO) Stock Crosses Above 200 Day Moving Average - Time to Sell?

IP Group logo with Financial Services background

Key Points

  • IP Group's stock price has recently surpassed its 200-day moving average, reaching a high of GBX 61.40 ($0.83) during trading.
  • The company has a market capitalization of £547.19 million, a significant price-to-earnings ratio of -300.95, and a notably high debt-to-equity ratio of 13.99.
  • IP Group is recognized as a leading early-stage science investor, focusing on deeptech, life sciences, and cleantech innovations in the UK.
  • MarketBeat previews top five stocks to own in October.

IP Group Plc (LON:IPO - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 47.64 ($0.64) and traded as high as GBX 61.40 ($0.83). IP Group shares last traded at GBX 60.10 ($0.81), with a volume of 10,058,244 shares traded.

IP Group Stock Up 0.5%

The company has a 50-day simple moving average of GBX 56.94 and a two-hundred day simple moving average of GBX 47.84. The company has a quick ratio of 8.59, a current ratio of 9.28 and a debt-to-equity ratio of 13.99. The stock has a market cap of £528.98 million, a P/E ratio of -290.94 and a beta of 1.36.

About IP Group

(Get Free Report)

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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