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IP Group (LON:IPO) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

IP Group logo with Financial Services background

IP Group Plc (LON:IPO - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 45.71 ($0.56) and traded as high as GBX 51.70 ($0.64). IP Group shares last traded at GBX 51.20 ($0.63), with a volume of 1,865,269 shares changing hands.

IP Group Trading Down 0.4 %

The firm has a market cap of £507.43 million, a P/E ratio of -231.82 and a beta of 1.36. The company has a 50 day moving average of GBX 48.92 and a 200 day moving average of GBX 45.77. The company has a debt-to-equity ratio of 14.18, a quick ratio of 8.59 and a current ratio of 9.28.

About IP Group

(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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