Insider Buying: Intercede Group (LON:IGP) Insider Buys 2,600 Shares of Stock

Key Points

• Nitil Patel, an insider at Intercede Group, purchased 2,600 shares of the company's stock for a total of £3,978 at an average price of GBX 153 per share on October 9th.
• Intercede Group's stock saw a trading volume of 845,458 shares on the same day, markedly higher than its average volume of 102,010 shares.
• The company operates in the cybersecurity sector, focusing on identity and credential management solutions to enhance digital trust globally.

Intercede Group plc (LON:IGP - ) insider Nitil Patel purchased 2,600 shares of the business's stock in a transaction that occurred on Thursday, October 9th. The shares were bought at an average price of GBX 153 per share, for a total transaction of £3,978.

Intercede Group Stock Performance

LON IGP traded down GBX 16.50 during trading on Thursday, reaching GBX 159. The company's stock had a trading volume of 845,458 shares, compared to its average volume of 102,010. The company has a debt-to-equity ratio of 6.10, a quick ratio of 2.02 and a current ratio of 1.95. The firm has a market cap of £94.31 million, a price-to-earnings ratio of 2,446.15 and a beta of 1.36. Intercede Group plc has a twelve month low of GBX 120.25 and a twelve month high of GBX 204. The business's fifty day moving average price is GBX 169.90 and its 200-day moving average price is GBX 165.74.

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.

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