Frontier IP Group (LON:FIPP) Stock Price Down 9.2% – Here’s Why

Frontier IP Group Plc (LON:FIPP)’s stock price traded down 9.2% on Wednesday . The company traded as low as GBX 14.12 and last traded at GBX 14.25. Approximately 1,756,806 shares were traded during mid-day trading, an increase of 499% from the average session volume of 293,533 shares. The stock had previously closed at GBX 15.70.

Analyst Ratings Changes

Separately, Shore Capital Group reissued a “house stock” rating on shares of Frontier IP Group in a research report on Monday, July 6th.

Frontier IP Group Stock Down 0.1%

The business’s fifty day moving average price is GBX 15.89 and its two-hundred day moving average price is GBX 14.65. 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 capitalization of £11.54 million, a P/E ratio of -1.18 and a beta of 0.49.

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.