Intercede Group (LON:IGP) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Intercede Group plc (LON:IGP) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 158.68 and traded as low as GBX 121.75. Intercede Group shares last traded at GBX 125, with a volume of 31,994 shares changing hands.

Intercede Group Price Performance

The firm has a market capitalization of £74.14 million, a P/E ratio of 21.55 and a beta of 1.36. The business’s 50-day simple moving average is GBX 137 and its 200 day simple moving average is GBX 158.61. The company has a quick ratio of 2.02, a current ratio of 1.95 and a debt-to-equity ratio of 6.10.

Intercede Group (LON:IGP) last announced its quarterly earnings data on Tuesday, November 25th. The company reported GBX 2.20 earnings per share for the quarter. Intercede Group had a net margin of 30.17% and a return on equity of 55.13%. Sell-side analysts forecast that Intercede Group plc will post 3.7781278 earnings per share for the current year.

Insider Activity

In related news, insider Royston Hoggarth bought 128,200 shares of the company’s stock in a transaction that occurred on Thursday, October 9th. The stock was bought at an average cost of GBX 156 per share, for a total transaction of £199,992. Also, insider Nitil Patel purchased 2,600 shares of the firm’s stock in a transaction on Thursday, October 9th. The stock was bought at an average cost of GBX 153 per share, for a total transaction of £3,978. Corporate insiders own 46.41% 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.