Intercede Group (LON:IGP) Stock Price Up 1.2% – Here’s What Happened

Intercede Group plc (LON:IGP) shot up 1.2% during mid-day trading on Friday . The stock traded as high as GBX 166.90 ($2.13) and last traded at GBX 164.50 ($2.10). 101,622 shares were traded during trading, a decline of 16% from the average session volume of 121,684 shares. The stock had previously closed at GBX 162.50 ($2.07).

Intercede Group Price Performance

The firm has a market capitalization of £96.56 million, a P/E ratio of 1,645.00 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. The business’s 50 day moving average is GBX 178.15 and its 200-day moving average is GBX 163.83.

Insider Activity

In related news, insider Nitil Patel acquired 1,504 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was acquired at an average price of GBX 162 ($2.06) per share, with a total value of £2,436.48 ($3,105.38). Also, insider Tina Whitley bought 24,777 shares of the business’s stock in a transaction on Friday, September 20th. The stock was bought at an average price of £201.80 ($257.20) per share, for a total transaction of £4,999,998.60 ($6,372,672.19). Corporate 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.