Intercede Group (LON:IGP) Trading Down 10.2% – Here’s Why

Shares of Intercede Group plc (LON:IGP) were down 10.2% during trading on Thursday . The stock traded as low as GBX 166.20 ($2.18) and last traded at GBX 168 ($2.20). Approximately 258,959 shares were traded during trading, an increase of 130% from the average daily volume of 112,655 shares. The stock had previously closed at GBX 187 ($2.45).

Intercede Group Stock Down 7.1 %

The company’s 50-day moving average is GBX 189.89 and its 200 day moving average is GBX 145.35. The company has a market capitalization of £88.93 million, a PE ratio of 1,515.00 and a beta of 1.36. The company has a debt-to-equity ratio of 6.10, a quick ratio of 2.02 and a current ratio of 1.95.

Insider Activity

In related news, insider Nitil Patel purchased 1,504 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were purchased at an average price of GBX 162 ($2.12) per share, with a total value of £2,436.48 ($3,188.69). In other news, insider Tina Whitley bought 24,777 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were bought at an average price of £201.80 ($264.10) per share, for a total transaction of £4,999,998.60 ($6,543,644.29). Also, insider Nitil Patel bought 1,504 shares of the firm’s stock in a transaction on Friday, October 11th. The shares were purchased at an average price of GBX 162 ($2.12) per share, for a total transaction of £2,436.48 ($3,188.69). Insiders own 56.57% 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.