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

Intercede Group plc (LON:IGP) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 149.43 and traded as low as GBX 118. Intercede Group shares last traded at GBX 122, with a volume of 36,905 shares changing hands.

Intercede Group Price Performance

The company has a current ratio of 1.95, a quick ratio of 2.02 and a debt-to-equity ratio of 6.10. The business has a 50-day moving average of GBX 124.90 and a two-hundred day moving average of GBX 149.43. The firm has a market cap of £72.36 million, a P/E ratio of 21.03 and a beta of 1.36.

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

About Intercede Group

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.