Intercede Group (LON:IGP) Insider Nitil Patel Purchases 500,000 Shares of Stock

Intercede Group plc (LON:IGP) insider Nitil Patel bought 500,000 shares of Intercede Group stock in a transaction that occurred on Monday, July 20th. The stock was bought at an average price of GBX 38 per share, with a total value of £190,000.

Nitil Patel also recently made the following trade(s):

• On Thursday, May 7th, Nitil Patel purchased 2,956 shares of Intercede Group stock. The shares were purchased at an average price of GBX 122 per share, for a total transaction of £3,606.32.

Intercede Group Price Performance

Shares of LON:IGP opened at GBX 112.38 on Monday. The business’s 50 day moving average is GBX 111.08 and its 200-day moving average is GBX 107.16. The firm has a market capitalization of £67.61 million, a PE ratio of 20.43 and a beta of 1.62. Intercede Group plc has a 1-year low of GBX 73 and a 1-year high of GBX 178. The company has a current ratio of 2.76, a quick ratio of 2.02 and a debt-to-equity ratio of 5.69.

Intercede Group (LON:IGP) last issued its earnings results on Wednesday, June 24th. The company reported GBX 5.70 earnings per share for the quarter. The business had revenue of GBX 1,716 million for the quarter. Intercede Group had a net margin of 19.68% and a return on equity of 18.91%. Sell-side analysts predict that Intercede Group plc will post 3.7781278 earnings per share for the current year.

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.