Nitil Patel Acquires 500,000 Shares of Intercede Group (LON:IGP) Stock

Intercede Group plc (LON:IGP) insider Nitil Patel acquired 500,000 shares of the company’s stock in a transaction dated Monday, July 20th. The stock was acquired at an average price of GBX 38 per share, for a total transaction of £190,000.

Nitil Patel also recently made the following trade(s):

• On Thursday, May 7th, Nitil Patel bought 2,956 shares of Intercede Group stock. The shares were acquired at an average price of GBX 122 per share, with a total value of £3,606.32.

Intercede Group Stock Performance

IGP opened at GBX 112.38 on Monday. The firm has a market capitalization of £67.61 million, a P/E ratio of 20.43 and a beta of 1.62. The stock’s 50 day moving average price is GBX 111.08 and its two-hundred day moving average price is GBX 107.16. The company has a quick ratio of 2.02, a current ratio of 2.76 and a debt-to-equity ratio of 5.69. Intercede Group plc has a 12-month low of GBX 73 and a 12-month high of GBX 178.

Intercede Group (LON:IGP) last issued its quarterly earnings results on Wednesday, June 24th. The company reported GBX 5.70 EPS for the quarter. Intercede Group had a return on equity of 18.91% and a net margin of 19.68%.The company had revenue of GBX 1,716 million during the quarter. On average, equities analysts forecast that Intercede Group plc will post 3.7781278 earnings per share for the current 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.