Frontier IP Group (LON:FIPP) Trading Up 11.3% – Time to Buy?

Frontier IP Group Plc (LON:FIPP)’s stock price shot up 11.3% during trading on Thursday . The company traded as high as GBX 17 and last traded at GBX 16.70. 372,238 shares traded hands during trading, an increase of 53% from the average session volume of 242,858 shares. The stock had previously closed at GBX 15.

Frontier IP Group Stock Up 6.3%

The business has a 50 day simple moving average of GBX 15.30 and a 200 day simple moving average of GBX 15.28. The company has a market capitalization of £12.86 million, a price-to-earnings ratio of -1.44 and a beta of 0.51. The company has a debt-to-equity ratio of 31.75, a current ratio of 4.61 and a quick ratio of 23.03.

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

About Frontier IP Group

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.