IP Group (LON:IPO) Sets New 12-Month High After Insider Buying Activity

IP Group Plc (LON:IPO)’s share price hit a new 52-week high during trading on Thursday after an insider bought additional shares in the company. The company traded as high as GBX 73.70 and last traded at GBX 68.90, with a volume of 100119 shares. The stock had previously closed at GBX 68.60.

Specifically, insider Michael Queen bought 200,000 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were bought at an average price of GBX 66 per share, with a total value of £132,000. Also, insider Greg Smith bought 45,000 shares of the stock in a transaction dated Wednesday, August 5th. The shares were purchased at an average price of GBX 68 per share, for a total transaction of £30,600. In other news, insider David Baynes purchased 26,368 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was acquired at an average cost of GBX 68 per share, with a total value of £17,930.24.

IP Group Stock Performance

The company has a debt-to-equity ratio of 12.28, a current ratio of 0.16 and a quick ratio of 8.59. The stock has a 50-day simple moving average of GBX 65.67 and a 200-day simple moving average of GBX 60.69. The stock has a market cap of £607.73 million, a P/E ratio of 9.69 and a beta of 1.27.

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.