IP Group (LON:IPO) Stock Price Up 3.6% – Should You Buy?

IP Group Plc (LON:IPOGet Free Report)’s share price rose 3.6% during mid-day trading on Monday . The stock traded as high as GBX 50.70 ($0.65) and last traded at GBX 49.95 ($0.64). Approximately 3,387,287 shares traded hands during mid-day trading, an increase of 5% from the average daily volume of 3,239,722 shares. The stock had previously closed at GBX 48.20 ($0.61).

IP Group Stock Performance

The company has a current ratio of 9.28, a quick ratio of 8.59 and a debt-to-equity ratio of 14.18. The company has a market cap of £511.41 million, a P/E ratio of -233.64 and a beta of 1.36. The business’s 50 day simple moving average is GBX 46.37 and its 200 day simple moving average is GBX 44.95.

IP Group Company Profile

(Get Free Report)

IP Group Plc is a private equity and venture capital firm specializing in seed/startup, early venture, emerging growth, mature, mid venture, late venture, incubation, mezzanine in growth capital companies. It prefers to invest in energy, materials, healthcare, information technology, communication services, utilities, life sciences, deeptech, cleantech, chemicals, science and innovation companies.

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