Frontier IP Group (LON:FIPP) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Frontier IP Group Plc (LON:FIPPGet Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 14.44 and traded as low as GBX 12.12. Frontier IP Group shares last traded at GBX 12.52, with a volume of 516,429 shares changing hands.

Analyst Ratings Changes

Separately, Shore Capital Group restated a “house stock” rating on shares of Frontier IP Group in a research note on Monday, July 6th.

View Our Latest Stock Report on Frontier IP Group

Frontier IP Group Price Performance

The company has a current ratio of 4.61, a quick ratio of 23.03 and a debt-to-equity ratio of 31.75. The stock has a fifty day simple moving average of GBX 14.33 and a two-hundred day simple moving average of GBX 14.44. The company has a market cap of £14.18 million, a PE ratio of -1.07 and a beta of 0.47.

About Frontier IP Group

(Get Free Report)

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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