IP Group (LON:IPO) Insider Buys £132,000 in Stock

IP Group Plc (LON:IPO) insider Michael Queen purchased 200,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were purchased at an average price of GBX 66 per share, for a total transaction of £132,000.

IP Group Price Performance

IPO stock remained flat at GBX 67.20 during midday trading on Wednesday. The company had a trading volume of 520,219 shares, compared to its average volume of 7,743,792. The stock’s 50-day moving average price is GBX 65.66 and its 200-day moving average price is GBX 60.62. The company has a current ratio of 0.16, a quick ratio of 8.59 and a debt-to-equity ratio of 12.28. The stock has a market cap of £593.66 million, a price-to-earnings ratio of 9.46 and a beta of 1.29. IP Group Plc has a 12 month low of GBX 48 and a 12 month high of GBX 72.

IP Group Company Profile

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.