IP Group (IPZYF) Downgraded by Jefferies Financial Group to Underperform

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Jefferies Financial Group lowered shares of IP Group (OTCMKTS:IPZYF) from a hold rating to an underperform rating in a report issued on Friday, The Fly reports.

IPZYF stock remained flat at $$1.40 during mid-day trading on Friday. The company’s stock had a trading volume of 2,500 shares.

IP Group Company Profile

IP Group Plc is a private equity and venture capital firm specializing in seed, early stage, start-up, incubation, and mature financing. The firm also provides seed capital financing to spin out companies from the universities. It seeks to invest in the life sciences, physical sciences, energy & renewables, medical equipment and supplies, healthcare, technology, cleantech, intellectual property, pharmaceuticals & biotechnology, information technology & communications, and chemicals & materials.

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