IP Group (LON:IPO) Shares Cross Above 200-Day Moving Average – Time to Sell?

IP Group Plc (LON:IPO)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 61.60 and traded as high as GBX 70.70. IP Group shares last traded at GBX 70, with a volume of 14,261,445 shares changing hands.

IP Group Trading Up 1.3%

The company has a market cap of £626.35 million, a PE ratio of 9.99 and a beta of 1.27. The company has a quick ratio of 8.59, a current ratio of 0.16 and a debt-to-equity ratio of 12.28. The business has a 50-day simple moving average of GBX 66.40 and a 200-day simple moving average of GBX 61.67.

Insider Activity

In other news, insider Greg Smith acquired 45,000 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was acquired at an average cost of GBX 68 per share, with a total value of £30,600. Also, insider David Baynes acquired 26,368 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was purchased at an average price of GBX 68 per share, for a total transaction of £17,930.24. Over the last ninety days, insiders bought 271,368 shares of company stock valued at $18,053,024. 1.55% of the stock is currently owned by corporate insiders.

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. Our specialist investment team combines sector expertise with an international approach.