Intercede Group (LON:IGP) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of Intercede Group plc (LON:IGP) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 161.95 and traded as low as GBX 128. Intercede Group shares last traded at GBX 128.15, with a volume of 112,178 shares trading hands.

Intercede Group Stock Performance

The company has a market capitalization of £76.01 million, a PE ratio of 22.09 and a beta of 1.36. The stock’s fifty day simple moving average is GBX 146.42 and its 200-day simple moving average is GBX 161.95. The company has a debt-to-equity ratio of 6.10, a quick ratio of 2.02 and a current ratio of 1.95.

Intercede Group (LON:IGP) last issued its quarterly earnings results on Tuesday, November 25th. The company reported GBX 2.20 EPS for the quarter. Intercede Group had a net margin of 30.17% and a return on equity of 55.13%. As a group, equities analysts predict that Intercede Group plc will post 3.7781278 earnings per share for the current year.

Insider Activity at Intercede Group

In other Intercede Group news, insider Nitil Patel purchased 2,600 shares of the business’s stock in a transaction on Thursday, October 9th. The stock was bought at an average cost of GBX 153 per share, for a total transaction of £3,978. Also, insider Royston Hoggarth purchased 128,200 shares of Intercede Group stock in a transaction on Thursday, October 9th. The shares were acquired at an average cost of GBX 156 per share, for a total transaction of £199,992. 46.41% of the stock is currently owned by insiders.

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.