IP Group (LON:IPO) Announces Quarterly Earnings Results

IP Group (LON:IPO) issued its earnings results on Tuesday. The company reported GBX (19.97) (($0.26)) EPS for the quarter, Digital Look Earnings reports. IP Group had a negative return on equity of 19.85% and a net margin of 106.78%.

IP Group Price Performance

IP Group stock opened at GBX 42.70 ($0.55) on Wednesday. The company has a market capitalization of £407.50 million, a PE ratio of -1.92 and a beta of 1.36. The company has a current ratio of 9.28, a quick ratio of 8.59 and a debt-to-equity ratio of 13.99. The stock has a 50-day moving average price of GBX 46.56 and a two-hundred day moving average price of GBX 47.45. IP Group has a 12 month low of GBX 35.65 ($0.46) and a 12 month high of GBX 56.20 ($0.73).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 126 ($1.63) price objective on shares of IP Group in a research report on Tuesday.

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.