IP Group (LON:IPO) Sets New 12-Month High – Here’s Why

IP Group Plc (LON:IPO)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 74 and last traded at GBX 71.38, with a volume of 51319793 shares. The stock had previously closed at GBX 71.80.

IP Group Trading Down 0.6%

The company has a debt-to-equity ratio of 12.28, a quick ratio of 8.59 and a current ratio of 0.16. The stock has a market capitalization of £630.59 million, a P/E ratio of 10.05 and a beta of 1.27. The firm’s fifty day simple moving average is GBX 66.50 and its 200 day simple moving average is GBX 61.76.

Insider Buying and Selling

In other news, insider Michael Queen acquired 200,000 shares of the stock in a transaction on Tuesday, August 4th. The stock was acquired at an average cost of GBX 66 per share, for a total transaction of £132,000. Also, insider David Baynes acquired 26,368 shares of the stock in a transaction on Wednesday, August 5th. The shares were purchased at an average price of GBX 68 per share, with a total value of £17,930.24. In the last 90 days, insiders have bought 271,368 shares of company stock worth $18,053,024. Corporate insiders own 1.55% of the company’s stock.

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.