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

Key Points

• IP Group Plc shares declined by 6.2%, trading at GBX 57.30 ($0.77) after hitting a low of GBX 56.60 ($0.76) during the session.
• The trading volume experienced a 43% drop, with 2,891,031 shares traded compared to the average of 5,094,256 shares.
• IP Group has a market capitalization of £521.70 million and a negative price-to-earnings ratio of -286.93, indicating that the company is in a challenging financial position.

Shares of IP Group Plc (LON:IPO - ) traded down 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). 2,891,031 shares were traded during mid-day 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 Performance

The firm has a market cap of £521.70 million, a price-to-earnings ratio of -286.93 and a beta of 1.36. 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 company has a 50 day moving average of GBX 56.76 and a 200 day moving average of GBX 47.77.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.