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

Frontier IP Group Plc (LON:FIPP)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 16.77 and traded as low as GBX 14.12. Frontier IP Group shares last traded at GBX 14.50, with a volume of 460,494 shares changing hands.

Analysts Set New Price Targets

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

Frontier IP Group Price Performance

The company has a quick ratio of 23.03, a current ratio of 4.61 and a debt-to-equity ratio of 31.75. The company has a 50-day simple moving average of GBX 16.77 and a two-hundred day simple moving average of GBX 14.75. The stock has a market cap of £10.97 million, a P/E ratio of -1.23 and a beta of 0.48.

Frontier IP Group (LON:FIPP) last issued its earnings results on Monday, March 30th. The company reported GBX (4.54) earnings per share (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 firm 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.