IP Group (LON:IPO) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

IP Group Plc (LON:IPO)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 62.72 and traded as high as GBX 69. IP Group shares last traded at GBX 67, with a volume of 1,049,984 shares traded.

IP Group Stock Performance

The business’s 50 day simple moving average is GBX 67.68 and its two-hundred day simple moving average is GBX 62.80. The firm has a market capitalization of £583.06 million, a PE ratio of 9.30 and a beta of 1.27. The company has a current ratio of 0.16, a quick ratio of 8.59 and a debt-to-equity ratio of 12.28.

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 stock was acquired at an average cost of GBX 68 per share, for a total transaction of £30,600. Also, insider David Baynes bought 26,368 shares of IP Group stock in a transaction on Wednesday, August 5th. The shares were acquired at an average cost of GBX 68 per share, with a total value of £17,930.24. Over the last 90 days, insiders bought 271,368 shares of company stock worth $18,053,024. 1.57% of the stock is owned by 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.