Frontier IP Group (LON:FIPP) Trading Down 9.2% – Here’s What Happened

Frontier IP Group Plc (LON:FIPPGet Free Report) fell 9.2% during mid-day trading on Wednesday . The company traded as low as GBX 14.12 and last traded at GBX 14.25. 1,756,806 shares traded hands during trading, an increase of 499% from the average daily volume of 293,533 shares. The stock had previously closed at GBX 15.70.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reissued a “house stock” rating on shares of Frontier IP Group in a research note on Monday, July 6th.

Check Out Our Latest Report on Frontier IP Group

Frontier IP Group Stock Down 9.8%

The company’s fifty day simple moving average is GBX 16.01 and its 200-day simple moving average is GBX 14.68. The firm has a market capitalization of £11.69 million, a PE ratio of -1.20 and a beta of 0.49. The company has a debt-to-equity ratio of 31.75, a current ratio of 4.61 and a quick ratio of 23.03.

Frontier IP Group Company Profile

(Get Free Report)

Frontier IP Group builds value by uniting science, industry and finance to commercialise university intellectual property.

Our strategy is based on proving the commercial worth of IP developed by our portfolio companies before raising significant sums of money to support their further growth. We earn equity stakes in return for providing a range of hands-on commercialisation services.

The spin outs we work with include those at the cutting edge of developing new vaccines and antibiotics, agricultural robotics, sustainable materials and improving the energy efficiency of solar cells and power converters.

Our portfolio companies’ IP is based on research from universities in the UK and Portugal, including Cambridge, Plymouth, Heriot-Watt, the University of Central Lancashire, NOVA University, Lisbon FCT NOVA, and INESC TEC.

See Also

Receive News & Ratings for Frontier IP Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frontier IP Group and related companies with MarketBeat.com's FREE daily email newsletter.