IP Group (LON:IPO) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

IP Group Plc (LON:IPOGet Free Report)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 45.71 ($0.56) and traded as high as GBX 51.70 ($0.64). IP Group shares last traded at GBX 51.20 ($0.63), with a volume of 1,865,269 shares trading hands.

IP Group Stock Up 1.8 %

The company has a market cap of £516.39 million, a price-to-earnings ratio of -235.91 and a beta of 1.36. The business has a fifty day moving average of GBX 49.04 and a two-hundred day moving average of GBX 45.82. The company has a current ratio of 9.28, a quick ratio of 8.59 and a debt-to-equity ratio of 14.18.

About IP Group

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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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