Frontier IP Group (LON:FIPP) Stock Price Down 23.5% – Here’s Why

Shares of Frontier IP Group Plc (LON:FIPP) were down 23.5% on Wednesday . The company traded as low as GBX 12 and last traded at GBX 13. Approximately 1,897,717 shares traded hands during mid-day trading, an increase of 703% from the average daily volume of 236,271 shares. The stock had previously closed at GBX 17.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of Frontier IP Group in a report on Wednesday.

Frontier IP Group Price Performance

The company has a debt-to-equity ratio of 31.75, a current ratio of 4.61 and a quick ratio of 23.03. The stock’s fifty day moving average is GBX 16.69 and its 200-day moving average is GBX 14.99. The stock has a market cap of £9.83 million, a PE ratio of -1.10 and a beta of 0.51.

Frontier IP Group (LON:FIPP) last issued its earnings results on Monday, March 30th. The company reported GBX (4.54) EPS for the quarter. The firm had revenue of GBX 13 million for the quarter. Frontier IP Group had a negative return on equity of 19.23% and a negative net margin of 2,477.36%.

Frontier IP Group Company Profile

Frontier IP Group builds value by uniting science, industry and finance to commercialise university intellectual property.

Our strategy is based on proving the commercial worth of IP developed by our portfolio companies before raising significant sums of money to support their further growth. We earn equity stakes in return for providing a range of hands-on commercialisation services.

The spin outs we work with include those at the cutting edge of developing new vaccines and antibiotics, agricultural robotics, sustainable materials and improving the energy efficiency of solar cells and power converters.

Our portfolio companies’ IP is based on research from universities in the UK and Portugal, including Cambridge, Plymouth, Heriot-Watt, the University of Central Lancashire, NOVA University, Lisbon FCT NOVA, and INESC TEC.