IP Group (LON:IPO) Announces Earnings Results

IP Group (LON:IPO) released its quarterly earnings results on Tuesday. The company reported GBX (19.97) (($0.26)) earnings per share (EPS) for the quarter, Digital Look Earnings reports. IP Group had a net margin of 106.78% and a negative return on equity of 19.85%.

IP Group Stock Performance

IPO stock traded down GBX 1.95 ($0.03) during trading on Tuesday, reaching GBX 42.30 ($0.55). 63,720,586 shares of the stock were exchanged, compared to its average volume of 8,531,687. IP Group has a twelve month low of GBX 35.65 ($0.46) and a twelve month high of GBX 56.20 ($0.73). The company has a current ratio of 9.28, a quick ratio of 8.59 and a debt-to-equity ratio of 13.99. The company has a market capitalization of £403.69 million, a P/E ratio of -1.90 and a beta of 1.36. The stock has a 50 day simple moving average of GBX 46.73 and a 200-day simple moving average of GBX 47.47.

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.