IP Group (LON:IPO) Reaches New 12-Month High – Still a Buy?

IP Group Plc (LON:IPO) reached a new 52-week high during trading on Thursday . The company traded as high as GBX 75 and last traded at GBX 72.70, with a volume of 724658 shares trading hands. The stock had previously closed at GBX 71.80.

IP Group Stock Up 0.9%

The firm has a market cap of £639.78 million, a price-to-earnings ratio of 10.20 and a beta of 1.27. The firm’s 50 day moving average price is GBX 65.83 and its two-hundred day moving average price is GBX 61.17. The company has a debt-to-equity ratio of 12.28, a current ratio of 0.16 and a quick ratio of 8.59.

Insider Buying and Selling at IP Group

In related news, insider David Baynes bought 26,368 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were acquired at an average price of GBX 68 per share, with a total value of £17,930.24. Also, insider Michael Queen purchased 200,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were bought at an average price of GBX 66 per share, with a total value of £132,000. Insiders purchased a total of 271,368 shares of company stock valued at $18,053,024 in the last ninety days. Insiders own 1.55% of the company’s stock.

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.