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

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 trading hands.

Intercede Group Stock Performance

The company has a debt-to-equity ratio of 6.10, a current ratio of 1.95 and a quick ratio of 2.02. The firm has a market cap of £82.09 million, a P/E ratio of 13.58 and a beta of 1.36. The stock’s 50 day moving average is GBX 162.77 and its two-hundred day moving average is GBX 175.26.

Insider Activity

In related news, insider Klaas van der Leest acquired 33,750 shares of the business’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). Corporate insiders own 56.57% of the company’s stock.

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.