IP Group (LON:IPO) Reaches New 1-Year Low at $69.40

IP Group Plc (LON:IPO) reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 69.40 ($0.91) and last traded at GBX 70 ($0.91), with a volume of 491596 shares. The stock had previously closed at GBX 72.30 ($0.94).

A number of research firms recently issued reports on IPO. Numis Securities reissued a “buy” rating and set a GBX 877 ($11.46) price target on shares of in a report on Thursday, May 30th. Berenberg Bank reaffirmed a “sell” rating and issued a GBX 214 ($2.80) price objective on shares of Acacia Mining in a report on Thursday, April 25th.

The business’s fifty day moving average is GBX 75.88. The firm has a market capitalization of $742.46 million and a P/E ratio of -2.52. The company has a debt-to-equity ratio of 9.92, a quick ratio of 7.05 and a current ratio of 7.07.

IP Group Company Profile (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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