IP Group Plc (IPO.L) (LON:IPO) Shares Gap Up to $99.40

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IP Group Plc (IPO.L) (LON:IPO) gapped up before the market opened on Thursday . The stock had previously closed at $99.40, but opened at $104.80. IP Group Plc (IPO.L) shares last traded at $101.20, with a volume of 954,261 shares trading hands.

The stock has a 50-day simple moving average of GBX 94.92 and a two-hundred day simple moving average of GBX 80.11. The company has a quick ratio of 9.61, a current ratio of 9.61 and a debt-to-equity ratio of 9.37. The firm has a market cap of £1.08 billion and a PE ratio of -62.13.

About IP Group Plc (IPO.L) (LON:IPO)

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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