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

Intercede Group plc (LON:IGP) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 175.63 ($2.27) and traded as low as GBX 140.85 ($1.82). Intercede Group shares last traded at GBX 142.60 ($1.85), with a volume of 27,843 shares traded.

Intercede Group Price Performance

The stock has a fifty day moving average of GBX 162.77 and a two-hundred day moving average of GBX 175.26. 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 stock has a market capitalization of £82.09 million, a price-to-earnings ratio of 13.58 and a beta of 1.36.

Insider Activity

In related news, insider Klaas van der Leest bought 33,750 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was bought at an average cost of GBX 148 ($1.92) per share, with a total value of £49,950 ($64,651.83). 56.57% of the stock is currently owned by corporate 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.