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

Key Points

• IP Group Plc shares fell by 6.2%, closing at GBX 57.30 ($0.77), a significant drop from the previous close of GBX 61.10 ($0.82).
• The trading volume decreased by 43% with 2,891,031 shares changing hands, compared to an average of 5,094,256 shares.
• IP Group has a market capitalization of £521.70 million and a notably high price-to-earnings ratio of -286.93.

IP Group Plc (LON:IPO - )'s stock 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 changed 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 Stock Down 6.2%

The firm's fifty day moving average price is GBX 56.76 and its 200-day moving average price is GBX 47.77. The company has a market capitalization of £521.70 million, a price-to-earnings 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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