Frontier IP Group (LON:FIPP) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of Frontier IP Group Plc (LON:FIPP) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 14.82 and traded as high as GBX 17. Frontier IP Group shares last traded at GBX 17, with a volume of 108,180 shares.

Frontier IP Group Price Performance

The company has a debt-to-equity ratio of 31.75, a quick ratio of 23.03 and a current ratio of 4.61. The stock has a market cap of £12.12 million, a price-to-earnings ratio of -1.36 and a beta of 0.51. The business’s fifty day simple moving average is GBX 14.88 and its 200 day simple moving average is GBX 15.50.

Frontier IP Group (LON:FIPP) last issued its quarterly earnings data on Monday, March 30th. The company reported GBX (4.54) EPS for the quarter. Frontier IP Group had a negative return on equity of 19.23% and a negative net margin of 2,477.36%.The firm had revenue of GBX 13 million during the quarter.

Frontier IP Group Company Profile

Frontier IP Group builds value by uniting science, industry and finance to commercialise university intellectual property.

Our strategy is based on proving the commercial worth of IP developed by our portfolio companies before raising significant sums of money to support their further growth. We earn equity stakes in return for providing a range of hands-on commercialisation services.

The spin outs we work with include those at the cutting edge of developing new vaccines and antibiotics, agricultural robotics, sustainable materials and improving the energy efficiency of solar cells and power converters.

Our portfolio companies’ IP is based on research from universities in the UK and Portugal, including Cambridge, Plymouth, Heriot-Watt, the University of Central Lancashire, NOVA University, Lisbon FCT NOVA, and INESC TEC.