Intercede Group (LON:IGP) Sets New 12-Month High – Here’s Why

Intercede Group plc (LON:IGP)’s stock price reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as GBX 149 and last traded at GBX 145.55, with a volume of 51,340 shares trading hands. The stock had previously closed at GBX 141.

Intercede Group Stock Performance

The company has a 50-day moving average of GBX 128.03 and a 200 day moving average of GBX 111.82. The company has a quick ratio of 2.02, a current ratio of 2.76 and a debt-to-equity ratio of 5.69. The firm has a market capitalization of £87.65 million, a PE ratio of 26.12 and a beta of 1.55.

Insider Activity

In other Intercede Group news, insider Daniel O’Brien acquired 22,070 shares of the business’s stock in a transaction dated Tuesday, September 22nd. The stock was bought at an average price of GBX 120 per share, with a total value of £26,484. Company insiders own 46.23% of the company’s stock.

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.