IP Group (LON:IPO) Sets New 12-Month High – Here’s Why

IP Group Plc (LON:IPO)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as GBX 74 and last traded at GBX 71.38, with a volume of 51319793 shares trading hands. The stock had previously closed at GBX 71.80.

IP Group Stock Performance

The company has a debt-to-equity ratio of 12.28, a current ratio of 0.16 and a quick ratio of 8.59. The stock has a 50-day simple moving average of GBX 66.50 and a 200-day simple moving average of GBX 61.76. The stock has a market cap of £630.59 million, a P/E ratio of 10.05 and a beta of 1.27.

Insider Activity

In related news, insider Michael Queen purchased 200,000 shares of IP Group stock in a transaction dated Tuesday, August 4th. The shares were bought at an average cost of GBX 66 per share, for a total transaction of £132,000. Also, insider Greg Smith purchased 45,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were bought at an average cost of GBX 68 per share, for a total transaction of £30,600. In the last three months, insiders have purchased 271,368 shares of company stock worth $18,053,024. Corporate insiders own 1.55% of the company’s stock.

IP Group Company Profile

IP Group accelerates the impact of science for a better future. As the most active UK based, early-stage science investor, we develop and support some of the world’s most exciting businesses in deeptech, life sciences and cleantech (led by Kiko Ventures). Through Parkwalk, the UK’s largest growth EIS fund manager, we also back world-changing innovation emerging in leading universities and research institutions. Our specialist investment team combines sector expertise with an international approach.