IP Group (LON:IPO) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

IP Group Plc (LON:IPOGet Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 44.86 ($0.56) and traded as high as GBX 52.30 ($0.65). IP Group shares last traded at GBX 51.50 ($0.64), with a volume of 2,735,951 shares traded.

IP Group Price Performance

The firm has a market capitalization of £510.42 million, a P/E ratio of -233.18 and a beta of 1.36. The business’s fifty day moving average is GBX 46.63 and its 200 day moving average is GBX 44.89. The company has a current ratio of 9.28, a quick ratio of 8.59 and a debt-to-equity ratio of 14.18.

IP Group Company Profile

(Get Free Report)

IP Group Plc is a private equity and venture capital firm specializing in seed/startup, early venture, emerging growth, mature, mid venture, late venture, incubation, mezzanine in growth capital companies. It prefers to invest in energy, materials, healthcare, information technology, communication services, utilities, life sciences, deeptech, cleantech, chemicals, science and innovation companies.

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