IP Group (LON:IPO – Get Free Report) posted its earnings results on Tuesday. The company reported GBX (19.97) (($0.26)) earnings per share (EPS) for the quarter, Digital Look Earnings reports. IP Group had a negative return on equity of 19.85% and a net margin of 106.78%.
IP Group Price Performance
IP Group stock opened at GBX 41.85 ($0.54) on Thursday. The company’s 50 day simple moving average is GBX 46.34 and its 200-day simple moving average is GBX 47.44. The company has a debt-to-equity ratio of 13.99, a quick ratio of 8.59 and a current ratio of 9.28. IP Group has a 1 year low of GBX 35.65 ($0.46) and a 1 year high of GBX 56.20 ($0.72). The company has a market capitalization of £399.39 million, a price-to-earnings ratio of -1.88 and a beta of 1.36.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reissued a “buy” rating and set a GBX 126 ($1.62) price objective on shares of IP Group in a research report on Tuesday.
About IP Group
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.
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