Frontier IP Group Plc (LON:FIPP – Get Free Report)’s stock price traded down 23.5% during trading on Wednesday . The company traded as low as GBX 12 and last traded at GBX 13. 1,897,717 shares changed hands during mid-day trading, an increase of 703% from the average session volume of 236,271 shares. The stock had previously closed at GBX 17.
Wall Street Analysts Forecast Growth
Separately, Shore Capital Group reiterated a “house stock” rating on shares of Frontier IP Group in a report on Wednesday.
View Our Latest Stock Report on FIPP
Frontier IP Group Trading Down 23.5%
Frontier IP Group (LON:FIPP – Get Free Report) last issued its quarterly earnings data on Monday, March 30th. The company reported GBX (4.54) EPS for the quarter. The company had revenue of GBX 13 million during the quarter. Frontier IP Group had a negative return on equity of 19.23% and a negative net margin of 2,477.36%.
Frontier IP Group Company Profile
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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