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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

IP Group Plc (LON:IPO - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 46.85 ($0.59) and traded as high as GBX 52.40 ($0.66). IP Group shares last traded at GBX 49.25 ($0.62), with a volume of 3,856,036 shares traded.

IP Group Trading Down 4.5 %

The firm has a market capitalization of £444.72 million, a P/E ratio of -2.09 and a beta of 1.36. The stock's 50-day simple moving average is GBX 51.50 and its two-hundred day simple moving average is GBX 46.97. The company has a debt-to-equity ratio of 13.99, a current ratio of 9.28 and a quick ratio of 8.59.

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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