IP Group (LON:IPO) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

IP Group Plc (LON:IPOGet Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 44.84 ($0.56) and traded as high as GBX 53.70 ($0.67). IP Group shares last traded at GBX 53.60 ($0.67), with a volume of 663,453 shares changing hands.

IP Group Trading Down 0.6 %

The company has a quick ratio of 8.59, a current ratio of 9.28 and a debt-to-equity ratio of 14.18. The company’s 50-day moving average price is GBX 46.93 and its 200-day moving average price is GBX 44.86. The firm has a market cap of £530.32 million, a price-to-earnings ratio of -242.27 and a beta of 1.36.

About IP Group

(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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