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

Intercede Group plc (LON:IGP)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 155.34 and traded as low as GBX 125. Intercede Group shares last traded at GBX 126, with a volume of 16,863 shares trading hands.

Intercede Group Trading Down 0.4%

The business’s 50 day simple moving average is GBX 130.79 and its two-hundred day simple moving average is GBX 155.18. The stock has a market cap of £74.73 million, a P/E ratio of 21.72 and a beta of 1.36. 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 released its quarterly earnings data on Tuesday, November 25th. The company reported GBX 2.20 earnings per share for the quarter. Intercede Group had a return on equity of 55.13% and a net margin of 30.17%. As a group, analysts expect that Intercede Group plc will post 3.7781278 EPS for the current year.

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.