IP Group (LON:IPO) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

IP Group Plc (LON:IPO)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 45.58 ($0.62) and traded as high as GBX 46.35 ($0.63). IP Group shares last traded at GBX 46.15 ($0.62), with a volume of 2,056,966 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 126 ($1.70) price target on shares of IP Group in a research note on Tuesday, March 25th.

IP Group Stock Performance

The company has a debt-to-equity ratio of 13.99, a current ratio of 9.28 and a quick ratio of 8.59. The company has a market capitalization of £440.43 million, a price-to-earnings ratio of -2.07 and a beta of 1.36. The stock has a 50 day simple moving average of GBX 42.10 and a two-hundred day simple moving average of GBX 45.61.

IP Group (LON:IPO) last issued its quarterly earnings data on Tuesday, March 25th. The company reported GBX (19.97) (($0.27)) earnings per share (EPS) for the quarter. IP Group had a negative return on equity of 19.85% and a net margin of 106.78%. As a group, analysts anticipate that IP Group Plc will post 19.6245031 earnings per share for the current year.

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.