Intercede Group (LON:IGP) Hits New 1-Year Low – Time to Sell?

Intercede Group plc (LON:IGP) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 120 and last traded at GBX 128.18, with a volume of 71356 shares trading hands. The stock had previously closed at GBX 121.

Intercede Group Trading Up 5.9%

The company has a quick ratio of 2.02, a current ratio of 1.95 and a debt-to-equity ratio of 6.10. The business’s fifty day moving average is GBX 134.18 and its 200 day moving average is GBX 157.34. The stock has a market cap of £76.02 million, a PE ratio of 22.10 and a beta of 1.36.

Intercede Group (LON:IGP) last issued its earnings results on Tuesday, November 25th. The company reported GBX 2.20 earnings per share (EPS) for the quarter. Intercede Group had a net margin of 30.17% and a return on equity of 55.13%. As a group, analysts predict that Intercede Group plc will post 3.7781278 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Royston Hoggarth purchased 128,200 shares of the business’s stock in a transaction dated Thursday, October 9th. The stock was acquired at an average price of GBX 156 per share, with a total value of £199,992. Also, insider Nitil Patel acquired 2,600 shares of the firm’s stock in a transaction that occurred on Thursday, October 9th. The stock was acquired at an average price of GBX 153 per share, for a total transaction of £3,978. 46.41% of the stock is currently owned by 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.