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

IP Group logo with Financial Services background

IP Group Plc (LON:IPO - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 45.09 ($0.56) and traded as high as GBX 54.70 ($0.68). IP Group shares last traded at GBX 53.70 ($0.67), with a volume of 1,914,297 shares changing hands.

IP Group Stock Performance

The business has a 50-day moving average of GBX 47.70 and a 200 day moving average of GBX 45.15. The stock has a market cap of £534.30 million, a PE ratio of -244.09 and a beta of 1.36. 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 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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