Intercede Group (LON:IGP) Stock Price Crosses Below 200-Day Moving Average - Here's Why

Intercede Group plc (LON:IGP - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 166.23 ($2.23) and traded as low as GBX 156 ($2.09). Intercede Group shares last traded at GBX 161.50 ($2.17), with a volume of 74,706 shares trading hands.

Intercede Group Stock Up 1.3%

The business has a fifty day simple moving average of GBX 172.48 and a two-hundred day simple moving average of GBX 166.14. The company has a quick ratio of 2.02, a current ratio of 1.95 and a debt-to-equity ratio of 6.10. The company has a market capitalization of £91.44 million, a price-to-earnings ratio of 15.12 and a beta of 1.36.

Intercede Group (LON:IGP - Get Free Report) last announced its earnings results on Tuesday, June 24th. The company reported GBX 6.90 ($0.09) earnings per share for the quarter. Intercede Group had a net margin of 30.17% and a return on equity of 55.13%. Equities analysts expect that Intercede Group plc will post 3.7781278 EPS for the current year.

Insiders Place Their Bets

In other news, insider Klaas van der Leest bought 12,450 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was acquired at an average price of GBX 178 ($2.39) per share, with a total value of £22,161 ($29,746.31). Also, insider Nitil Patel purchased 741 shares of the firm's stock in a transaction on Wednesday, June 25th. The stock was bought at an average cost of GBX 185 ($2.48) per share, with a total value of £1,370.85 ($1,840.07). Insiders bought a total of 18,191 shares of company stock valued at $3,248,185 over the last quarter. 56.57% of the stock is owned by corporate insiders.

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.