Frontier IP Group (LON:FIPP) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Frontier IP Group Plc (LON:FIPP) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 16.44 and traded as low as GBX 13.50. Frontier IP Group shares last traded at GBX 13.94, with a volume of 126,035 shares traded.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Frontier IP Group in a research note on Wednesday, June 17th.

Frontier IP Group Trading Up 3.6%

The company has a debt-to-equity ratio of 31.75, a quick ratio of 23.03 and a current ratio of 4.61. The firm has a market cap of £10.97 million, a PE ratio of -1.23 and a beta of 0.49. The stock has a 50-day simple moving average of GBX 16.41 and a two-hundred day simple moving average of GBX 14.68.

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

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.