Insider Buying: IP Group (LON:IPO) Insider Acquires £17,930.24 in Stock

IP Group Plc (LON:IPO) insider David Baynes acquired 26,368 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was purchased at an average cost of GBX 68 per share, with a total value of £17,930.24.

IP Group Price Performance

Shares of LON:IPO remained flat at GBX 67.20 during trading hours on Wednesday. The company’s stock had a trading volume of 520,219 shares, compared to its average volume of 7,743,792. IP Group Plc has a fifty-two week low of GBX 48 and a fifty-two week high of GBX 72. The firm has a 50-day simple moving average of GBX 65.66 and a two-hundred day simple moving average of GBX 60.62. The firm has a market cap of £593.66 million, a price-to-earnings ratio of 9.46 and a beta of 1.29. The company has a quick ratio of 8.59, a current ratio of 0.16 and a debt-to-equity ratio of 12.28.

IP Group Company Profile

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.