Frontier IP Group (LON:FIPP) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Frontier IP Group Plc (LON:FIPPGet Free Report)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 14.47 and traded as low as GBX 13.60. Frontier IP Group shares last traded at GBX 13.60, with a volume of 639,399 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Frontier IP Group in a report on Monday, July 6th.

Get Our Latest Research Report on Frontier IP Group

Frontier IP Group Stock Performance

The company has a market cap of £11.55 million, a P/E ratio of -1.19 and a beta of 0.49. The firm has a 50 day moving average of GBX 15.22 and a 200-day moving average of GBX 14.47. The company has a quick ratio of 23.03, a current ratio of 4.61 and a debt-to-equity ratio of 31.75.

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.

See Also

Receive News & Ratings for Frontier IP Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frontier IP Group and related companies with MarketBeat.com's FREE daily email newsletter.