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

IP Group Plc (LON:IPOGet Free Report)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 45.80 ($0.59) and traded as high as GBX 48.85 ($0.63). IP Group shares last traded at GBX 47.50 ($0.62), with a volume of 1,343,196 shares trading hands.

IP Group Stock Performance

The stock’s 50 day moving average price is GBX 46.51 and its 200 day moving average price is GBX 45.80. The company has a debt-to-equity ratio of 14.18, a quick ratio of 8.59 and a current ratio of 9.28. The company has a market capitalization of £455.70 million, a P/E ratio of -208.18 and a beta of 1.36.

IP Group Company Profile

(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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