IP Group (LON:IPO) Trading Down 6.2% - What's Next?

Key Points

• Shares of IP Group Plc (LON:IPO) fell 6.2% during mid-day trading, dropping to a low of GBX 56.60 ($0.76).
• The company's market capitalization is £521.70 million, with a price-to-earnings ratio of -286.93 and a beta of 1.36.
• IP Group specializes in early-stage investments in deeptech, life sciences, and cleantech, supporting innovative businesses and technologies.

Shares of IP Group Plc (LON:IPO - ) 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 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 Trading Down 6.2%

The company has a current ratio of 9.28, a quick ratio of 8.59 and a debt-to-equity ratio of 13.99. 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 fifty day moving average of GBX 56.76 and a 200-day moving average of GBX 47.77.

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.

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