IP Group (LON:IPO) Releases Quarterly Earnings Results

IP Group (LON:IPO) announced its earnings results on Tuesday. The company reported GBX (19.97) (($0.26)) earnings per share (EPS) for the quarter, Digital Look Earnings reports. IP Group had a negative return on equity of 19.85% and a net margin of 106.78%.

IP Group Price Performance

IP Group stock traded down GBX 0.60 ($0.01) on Thursday, reaching GBX 42 ($0.54). The company’s stock had a trading volume of 2,168,766 shares, compared to its average volume of 7,421,561. IP Group has a twelve month low of GBX 35.65 ($0.46) and a twelve month high of GBX 56.20 ($0.72). The company has a market cap of £400.82 million, a price-to-earnings ratio of -1.89 and a beta of 1.36. The company has a debt-to-equity ratio of 13.99, a quick ratio of 8.59 and a current ratio of 9.28. The business’s fifty day moving average price is GBX 46.34 and its 200 day moving average price is GBX 47.44.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 126 ($1.62) price objective on shares of IP Group in a report on Tuesday.

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.