Intercede Group (LON:IGP) Share Price Crosses Below 200 Day Moving Average - Time to Sell?

Shares of Intercede Group plc (LON:IGP - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 164.92 ($2.23) and traded as low as GBX 162.25 ($2.20). Intercede Group shares last traded at GBX 171 ($2.32), with a volume of 243,994 shares trading hands.

Intercede Group Trading Down 0.5%

The company has a 50 day moving average of GBX 159.78 and a 200-day moving average of GBX 164.73. 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 stock has a market cap of £93.56 million, a price-to-earnings ratio of 15.47 and a beta of 1.36.

Insiders Place Their Bets

In other Intercede Group news, insider Klaas van der Leest purchased 33,750 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of GBX 148 ($2.01) per share, for a total transaction of £49,950 ($67,692.10). 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.