Frontier IP Group (LON:FIPP) Trading 11.3% Higher – Here’s What Happened

Frontier IP Group Plc (LON:FIPP) shares rose 11.3% during mid-day trading on Thursday . The company traded as high as GBX 17 and last traded at GBX 16.70. Approximately 372,238 shares were traded during mid-day trading, an increase of 53% from the average daily volume of 242,858 shares. The stock had previously closed at GBX 15.

Frontier IP Group Trading Up 11.3%

The company has a 50 day moving average of GBX 15.10 and a 200 day moving average of GBX 15.30. The firm has a market cap of £12.63 million, a price-to-earnings ratio of -1.41 and a beta of 0.51. The company has a current ratio of 4.61, a quick ratio of 23.03 and a debt-to-equity ratio of 31.75.

Frontier IP Group (LON:FIPP) last posted its earnings results on Monday, March 30th. The company reported GBX (4.54) earnings per share for the quarter. The firm had revenue of GBX 13 million during the quarter. Frontier IP Group had a negative return on equity of 19.23% and a negative net margin of 2,477.36%.

Frontier IP Group Company Profile

Frontier IP Group builds value by uniting science, industry and finance to commercialise university intellectual property.

Our strategy is based on proving the commercial worth of IP developed by our portfolio companies before raising significant sums of money to support their further growth. We earn equity stakes in return for providing a range of hands-on commercialisation services.

The spin outs we work with include those at the cutting edge of developing new vaccines and antibiotics, agricultural robotics, sustainable materials and improving the energy efficiency of solar cells and power converters.

Our portfolio companies’ IP is based on research from universities in the UK and Portugal, including Cambridge, Plymouth, Heriot-Watt, the University of Central Lancashire, NOVA University, Lisbon FCT NOVA, and INESC TEC.