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IP Group (LON:IPO) Shares Cross Above Two Hundred Day Moving Average - Here's What Happened

IP Group logo with Financial Services background

IP Group Plc (LON:IPO - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 45.75 ($0.60) and traded as high as GBX 46.55 ($0.61). IP Group shares last traded at GBX 44.70 ($0.58), with a volume of 6,444,416 shares trading hands.

IP Group Price Performance

The stock has a market cap of £447.74 million, a price-to-earnings ratio of -201.30 and a beta of 1.36. The company's 50 day moving average is GBX 46.86 and its 200 day moving average is GBX 45.75. The company has a debt-to-equity ratio of 14.18, a current ratio of 9.28 and a quick ratio of 8.59.

IP Group Company Profile

(Get Free Report)

IP Group Plc is a private equity and venture capital firm specializing in seed/startup, early venture, emerging growth, mature, mid venture, late venture, incubation, mezzanine in growth capital companies. It prefers to invest in energy, materials, healthcare, information technology, communication services, utilities, life sciences, deeptech, cleantech, chemicals, science and innovation companies.

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