IP Group (LON:IPO – Get Free Report) posted its earnings results on Tuesday. The company reported GBX (19.97) (($0.26)) 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 Stock Down 1.8 %
IPO opened at GBX 41.85 ($0.54) on Thursday. The stock has a market capitalization of £399.39 million, a price-to-earnings ratio of -1.88 and a beta of 1.36. The firm has a 50 day moving average price of GBX 46.34 and a 200-day moving average price of GBX 47.44. IP Group has a twelve month low of GBX 35.65 ($0.46) and a twelve month high of GBX 56.20 ($0.72). The company has a quick ratio of 8.59, a current ratio of 9.28 and a debt-to-equity ratio of 13.99.
Wall Street Analyst Weigh In
Separately, Berenberg Bank reaffirmed 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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