IPH (ASX:IPH) Stock Price Up 2.2%

IPH Ltd (ASX:IPH)’s share price rose 2.2% during trading on Thursday . The company traded as high as A$8.13 ($5.77) and last traded at A$8.07 ($5.72), approximately 551,702 shares changed hands during trading. The stock had previously closed at A$7.90 ($5.60).

The stock has a market cap of $1.73 billion and a PE ratio of 29.96. The business has a 50-day moving average of A$8.28 and a 200 day moving average of A$7.76. The company has a debt-to-equity ratio of 24.63, a quick ratio of 3.74 and a current ratio of 3.86.

In other IPH news, insider Richard Grellman sold 21,449 shares of IPH stock in a transaction dated Friday, August 30th. The stock was sold at an average price of A$9.38 ($6.65), for a total value of A$201,084.38 ($142,613.03).

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IPH Limited, together with its subsidiaries, provides intellectual property (IP) services and products. It offers IP services related to the provision of filing, prosecution, enforcement, and management of patents, designs, trademarks, and other IP; and engages in the development and provision of IP data and analytics software under the subscription license model.

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