IP Group (LON:IPO) Sets New 52-Week High After Insider Buying Activity

Shares of IP Group Plc (LON:IPO) hit a new 52-week high during trading on Thursday after an insider bought additional shares in the company. The stock traded as high as GBX 73.70 and last traded at GBX 68.90, with a volume of 100119 shares. The stock had previously closed at GBX 68.60.

Specifically, insider Michael Queen bought 200,000 shares of IP Group stock in a transaction dated Tuesday, August 4th. The stock was bought at an average cost of GBX 66 per share, for a total transaction of £132,000. Also, insider Greg Smith purchased 45,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was acquired at an average price of GBX 68 per share, for a total transaction of £30,600. In other IP Group news, insider David Baynes purchased 26,368 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was acquired at an average price of GBX 68 per share, with a total value of £17,930.24.

IP Group Stock Performance

The stock has a market capitalization of £607.73 million, a price-to-earnings ratio of 9.69 and a beta of 1.27. The company’s fifty day simple moving average is GBX 65.67 and its 200 day simple moving average is GBX 60.69. 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.