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IP Group (LON:IPO) Stock Price Passes Above 200 Day Moving Average - What's Next?

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 Wednesday . The stock has a 200-day moving average of GBX 46.45 ($0.58) and traded as high as GBX 54.70 ($0.68). IP Group shares last traded at GBX 52.10 ($0.65), with a volume of 3,656,093 shares trading hands.

IP Group Price Performance

The company's 50-day simple moving average is GBX 51.17 and its 200 day simple moving average is GBX 46.62. The company has a market capitalization of £505.44 million, a P/E ratio of -230.91 and a beta of 1.36. The company has a quick ratio of 8.59, a current ratio of 9.28 and a debt-to-equity ratio of 14.18.

IP Group Company Profile

(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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