Intercede Group (LON:IGP) Stock Crosses Below 200-Day Moving Average – What’s Next?

Shares of Intercede Group plc (LON:IGP) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 178.35 ($2.32) and traded as low as GBX 126.10 ($1.64). Intercede Group shares last traded at GBX 133.40 ($1.74), with a volume of 137,010 shares.

Intercede Group Price Performance

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 stock has a market cap of £75.53 million, a price-to-earnings ratio of 12.49 and a beta of 1.36. The business’s fifty day simple moving average is GBX 170.04 and its 200 day simple moving average is GBX 178.35.

Insiders Place Their Bets

In related news, insider Klaas van der Leest bought 33,750 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of GBX 148 ($1.93) per share, with a total value of £49,950 ($64,979.84). 56.57% of the stock is currently owned by company 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.