IP Group (LON:IPO) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

IP Group Plc (LON:IPO)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 45.95 ($0.63) and traded as high as GBX 53.40 ($0.73). IP Group shares last traded at GBX 52.67 ($0.72), with a volume of 5,093,578 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 126 ($1.72) price objective on shares of IP Group in a research note on Tuesday, March 25th.

IP Group Price Performance

The stock has a market cap of £514.86 million, a PE ratio of -2.43 and a beta of 1.36. The stock’s fifty day moving average is GBX 45.88 and its 200-day moving average is GBX 45.95. The company has a debt-to-equity ratio of 13.99, a current ratio of 9.28 and a quick ratio of 8.59.

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.