IP Group Plc (LON:IPO – Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 75 and last traded at GBX 72.70, with a volume of 724658 shares trading hands. The stock had previously closed at GBX 71.80.
IP Group Stock Performance
The firm has a fifty day simple moving average of GBX 65.83 and a 200-day simple moving average of GBX 61.17. The company has a quick ratio of 8.59, a current ratio of 0.16 and a debt-to-equity ratio of 12.28. The company has a market cap of £639.78 million, a PE ratio of 10.20 and a beta of 1.27.
Insider Activity at IP Group
In other news, insider Greg Smith purchased 45,000 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were bought at an average price of GBX 68 per share, with a total value of £30,600. Also, insider David Baynes acquired 26,368 shares of IP Group stock in a transaction on Wednesday, August 5th. The stock was purchased at an average price of GBX 68 per share, with a total value of £17,930.24. Insiders bought a total of 271,368 shares of company stock valued at $18,053,024 in the last three months. 1.55% of the stock is currently owned by company insiders.
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. Our specialist investment team combines sector expertise with an international approach.
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