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IP Group (LON:IPO) Stock Crosses Above 200 Day Moving Average - Here's What Happened

IP Group logo with Financial Services background

Key Points

  • IP Group shares have crossed above their 200-day moving average, indicating a potential shift in market sentiment, trading at GBX 58.80 ($0.79).
  • The company has a high debt-to-equity ratio of 13.99 and reported a significant market capitalization of £561.15 million.
  • IP Group specializes in investing in early-stage science businesses, focusing on sectors such as deeptech, life sciences, and cleantech.
  • MarketBeat previews top five stocks to own in October.

IP Group Plc (LON:IPO - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 47.23 ($0.64) and traded as high as GBX 59.90 ($0.81). IP Group shares last traded at GBX 58.80 ($0.79), with a volume of 1,688,786 shares changing hands.

IP Group Stock Down 1.0%

The firm has a market cap of £582.15 million, a PE ratio of -2.74 and a beta of 1.36. The company has a debt-to-equity ratio of 13.99, a quick ratio of 8.59 and a current ratio of 9.28. The company's 50-day simple moving average is GBX 55.77 and its two-hundred day simple moving average is GBX 47.48.

IP Group Company Profile

(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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