Frontier IP Group (LON:FIPP) Shares Down 23.5% – What’s Next?

Frontier IP Group Plc (LON:FIPP) shares dropped 23.5% during mid-day trading on Wednesday . The company traded as low as GBX 12 and last traded at GBX 13. 1,897,717 shares were traded during mid-day trading, an increase of 703% from the average daily volume of 236,271 shares. The stock had previously closed at GBX 17.

Wall Street Analyst Weigh In

Separately, Shore Capital Group restated a “house stock” rating on shares of Frontier IP Group in a research report on Wednesday.

Frontier IP Group Trading Up 5.9%

The firm has a market cap of £10.21 million, a P/E ratio of -1.14 and a beta of 0.48. The company has a current ratio of 4.61, a quick ratio of 23.03 and a debt-to-equity ratio of 31.75. The company’s fifty day moving average price is GBX 16.78 and its two-hundred day moving average price is GBX 14.90.

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

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.