Frontier IP Group (LON:FIPP) Shares Up 13.8% – Here’s What Happened

Frontier IP Group Plc (LON:FIPPGet Free Report)’s share price traded up 13.8% during trading on Monday . The stock traded as high as GBX 16.50 and last traded at GBX 16.50. 1,406,280 shares were traded during mid-day trading, an increase of 395% from the average session volume of 283,913 shares. The stock had previously closed at GBX 14.50.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reissued a “house stock” rating on shares of Frontier IP Group in a research note on Monday.

Get Our Latest Report on Frontier IP Group

Frontier IP Group Price Performance

The stock has a market capitalization of £12.96 million, a PE ratio of -1.33 and a beta of 0.49. The company has a quick ratio of 23.03, a current ratio of 4.61 and a debt-to-equity ratio of 31.75. The stock’s 50-day moving average is GBX 16.30 and its 200 day moving average is GBX 14.67.

About Frontier IP Group

(Get Free Report)

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.

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