Intercede Group (LON:IGP) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Shares of Intercede Group plc (LON:IGP) crossed 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.

Intercede Group Price Performance

The stock has a market cap of £80.73 million, a price-to-earnings ratio of 13.35 and a beta of 1.36. 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 stock’s 50 day simple moving average is GBX 163.67 and its two-hundred day simple moving average is GBX 175.63.

Insider Activity at Intercede Group

In related news, insider Klaas van der Leest bought 33,750 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price of GBX 148 ($1.92) per share, for a total transaction of £49,950 ($64,668.57). 56.57% of the stock is currently owned by insiders.

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.