IP Group (LON:IPO) Hits New 12-Month High – Should You Buy?

IP Group Plc (LON:IPO) shares reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 74 and last traded at GBX 71.38, with a volume of 51319793 shares trading hands. The stock had previously closed at GBX 71.80.

IP Group Stock Up 0.6%

The company has a quick ratio of 8.59, a current ratio of 0.16 and a debt-to-equity ratio of 12.28. The company has a market capitalization of £642.25 million, a P/E ratio of 10.24 and a beta of 1.27. The company has a 50-day moving average of GBX 66.73 and a two-hundred day moving average of GBX 61.93.

Insiders Place Their Bets

In other IP Group news, insider Greg Smith bought 45,000 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 £30,600. Also, insider David Baynes bought 26,368 shares of IP Group stock in a transaction dated Wednesday, August 5th. The stock was acquired at an average cost of GBX 68 per share, for a total transaction of £17,930.24. Over the last 90 days, insiders bought 271,368 shares of company stock worth $18,053,024. 1.55% of the stock is owned by corporate insiders.

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.