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IP Group (LON:IPO) Shares Cross Above 200 Day Moving Average - What's Next?

IP Group logo with Financial Services background

Shares of IP Group Plc (LON:IPO - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 46.05 ($0.57) and traded as high as GBX 52 ($0.64). IP Group shares last traded at GBX 51.30 ($0.64), with a volume of 2,001,950 shares.

IP Group Price Performance

The company has a market cap of £521.64 million, a P/E ratio of -238.31 and a beta of 1.36. The company's 50-day moving average price is GBX 50.29 and its two-hundred day moving average price is GBX 46.29. The company has a current ratio of 9.28, a quick ratio of 8.59 and a debt-to-equity ratio of 14.18.

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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