IP Group (LON:IPO - Get Free Report) posted its earnings results on Tuesday. The company reported GBX (19.97) (($0.26)) EPS for the quarter, Digital Look Earnings reports. IP Group had a negative return on equity of 19.85% and a net margin of 106.78%.
IP Group Stock Performance
IP Group stock traded up GBX 0.10 ($0.00) during midday trading on Friday, hitting GBX 42.85 ($0.55). 2,506,723 shares of the company's stock were exchanged, compared to its average volume of 7,365,690. 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 stock has a market cap of £408.93 million, a price-to-earnings ratio of -1.93 and a beta of 1.36. IP Group has a 12-month low of GBX 35.65 ($0.46) and a 12-month high of GBX 56.20 ($0.73). The firm's 50 day simple moving average is GBX 45.96 and its 200 day simple moving average is GBX 47.40.
Analysts Set New Price Targets
Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 126 ($1.63) price objective on shares of IP Group in a research note on Tuesday.
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About IP Group
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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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