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

Intercede Group plc (LON:IGP) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 167.76 ($2.10) and traded as low as GBX 163 ($2.04). Intercede Group shares last traded at GBX 167.90 ($2.10), with a volume of 221,683 shares traded.

Intercede Group Trading Up 2.4 %

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 price of GBX 173.74 and a 200-day moving average price of GBX 167.76. The firm has a market capitalization of £98.56 million, a PE ratio of 1,679.00 and a beta of 1.36.

Insider Buying and Selling

In related news, insider Nitil Patel acquired 1,504 shares of Intercede Group stock in a transaction that occurred on Friday, October 11th. The stock was purchased at an average price of GBX 162 ($2.03) per share, for a total transaction of £2,436.48 ($3,054.38). 56.57% of the stock is currently owned by corporate insiders.

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.