Shares of Frontier IP Group Plc (LON:FIPP – Get Free Report) rose 13.8% during trading on Monday . The company traded as high as GBX 16.50 and last traded at GBX 16.50. Approximately 1,406,280 shares changed hands during mid-day trading, an increase of 395% from the average daily volume of 283,913 shares. The stock had previously closed at GBX 14.50.
Analyst Ratings Changes
Separately, Shore Capital Group reissued a “house stock” rating on shares of Frontier IP Group in a research note on Monday.
View Our Latest Research Report on FIPP
Frontier IP Group Trading Up 13.8%
Frontier IP Group (LON:FIPP – Get Free Report) last released its earnings results on Monday, March 30th. The company reported GBX (4.54) EPS for the quarter. The company had revenue of GBX 13 million for the quarter. Frontier IP Group had a negative net margin of 2,477.36% and a negative return on equity of 19.23%.
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.
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