Intercede Group (LON:IGP) Stock Price Passes Below 200-Day Moving Average – Here’s What Happened

Intercede Group plc (LON:IGP)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 163.51 and traded as low as GBX 130. Intercede Group shares last traded at GBX 130.05, with a volume of 378,670 shares.

Intercede Group Stock Down 1.8%

The company has a debt-to-equity ratio of 6.10, a quick ratio of 2.02 and a current ratio of 1.95. The firm has a market capitalization of £77.14 million, a PE ratio of 20.01 and a beta of 1.36. The company’s 50 day simple moving average is GBX 151.76 and its 200-day simple moving average is GBX 163.51.

Intercede Group (LON:IGP) last released its quarterly earnings results on Tuesday, November 25th. The company reported GBX 2.20 EPS for the quarter. Intercede Group had a net margin of 30.17% and a return on equity of 55.13%. On average, analysts forecast that Intercede Group plc will post 3.7781278 EPS for the current fiscal year.

Insider Activity

In other Intercede Group news, insider Royston Hoggarth bought 128,200 shares of Intercede Group stock in a transaction that occurred on Thursday, October 9th. The stock was acquired at an average cost of GBX 156 per share, for a total transaction of £199,992. Also, insider Nitil Patel bought 2,600 shares of the firm’s stock in a transaction on Thursday, October 9th. The stock was acquired at an average price of GBX 153 per share, for a total transaction of £3,978. 46.41% of the stock is owned by insiders.

Intercede Group Company Profile

Intercede Group plc, a cybersecurity company, engages in identity and credential management business to enable digital trust in the United Kingdom, rest of Europe, the United States, and internationally. The company offers MyID, a credential management system for cyber secure digital identity that allows organizations to deploy digital identities to a range of secure devices; MyID Professional, an identity management software solution that enables enterprises to replace insecure passwords across their workforce with the strong user authentication smart cards, or USB tokens with public key infrastructure certificates; and MyID Enterprise, a software solution for large organizations and governments to deploy and manage digital identities to a range of secure devices.