IP Group (LON:IPO) Reaches New 1-Year High – What’s Next?

Shares of IP Group Plc (LON:IPO) hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 75 and last traded at GBX 72.70, with a volume of 724658 shares traded. The stock had previously closed at GBX 71.80.

IP Group Stock Down 0.7%

The company has a debt-to-equity ratio of 12.28, a quick ratio of 8.59 and a current ratio of 0.16. The firm’s 50 day moving average price is GBX 65.98 and its two-hundred day moving average price is GBX 61.32. The company has a market cap of £621.28 million, a P/E ratio of 9.91 and a beta of 1.27.

Insider Activity

In related news, insider David Baynes acquired 26,368 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were purchased at an average price of GBX 68 per share, for a total transaction of £17,930.24. Also, insider Michael Queen acquired 200,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were bought at an average cost of GBX 66 per share, for a total transaction of £132,000. Over the last 90 days, insiders have purchased 271,368 shares of company stock worth $18,053,024. Company insiders own 1.55% of the company’s stock.

About IP Group

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. Our specialist investment team combines sector expertise with an international approach.