IP Group (LON:IPO) Stock Passes Above 200 Day Moving Average of $74.71

IP Group Plc (LON:IPO)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $74.71 and traded as high as $66.20. IP Group shares last traded at $65.40, with a volume of 124,210 shares traded.

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 160 ($2.09) price target on shares of IP Group in a research note on Tuesday, September 10th.

The company has a current ratio of 6.05, a quick ratio of 6.05 and a debt-to-equity ratio of 9.89. The company’s 50 day moving average is GBX 62.05 and its 200-day moving average is GBX 74.60. The company has a market capitalization of $688.44 million and a P/E ratio of -2.16.

About IP Group (LON:IPO)

IP Group Plc is a private equity and venture capital firm specializing in seed, early stage, start-up, incubation, and mature financing. The firm also provides seed capital financing to spin out companies from the universities. It seeks to invest in the life sciences, physical sciences, energy & renewables, medical equipment and supplies, healthcare, technology, cleantech, intellectual property, pharmaceuticals & biotechnology, information technology & communications, and chemicals & materials.

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