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

Shares of Intercede Group plc (LON:IGP) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 104.67 and traded as high as GBX 119. Intercede Group shares last traded at GBX 112.85, with a volume of 258,790 shares trading hands.

Intercede Group Trading Down 1.0%

The company has a debt-to-equity ratio of 5.69, a quick ratio of 2.02 and a current ratio of 2.76. The stock has a market cap of £68.46 million, a P/E ratio of 20.52 and a beta of 1.62. The company has a 50-day simple moving average of GBX 109.99 and a 200-day simple moving average of GBX 104.67.

Intercede Group (LON:IGP) last announced its earnings results on Wednesday, June 24th. The company reported GBX 5.70 EPS for the quarter. Intercede Group had a return on equity of 18.91% and a net margin of 19.68%.The company had revenue of GBX 1,716 million for the quarter. On average, sell-side analysts forecast that Intercede Group plc will post 3.7781278 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Nitil Patel bought 500,000 shares of the company’s stock in a transaction on Monday, July 20th. The stock was bought at an average cost of GBX 38 per share, with a total value of £190,000. Insiders own 46.21% 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.