IP Group (LON:IPO) Stock Passes Above 200 Day Moving Average – Here’s Why

IP Group Plc (LON:IPOGet 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 trading hands.

IP Group Price Performance

The company has a debt-to-equity ratio of 14.18, a current ratio of 9.28 and a quick ratio of 8.59. The stock has a market capitalization of £534.30 million, a price-to-earnings ratio of -244.09 and a beta of 1.36. The stock’s 50 day simple moving average is GBX 47.70 and its 200-day simple moving average is GBX 45.15.

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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