Intercede Group (LON:IGP) Shares Cross Below 200-Day Moving Average - Time to Sell?

Key Points

• Intercede Group plc shares have fallen below their 200-day moving average, trading at GBX 161 ($2.14), which is a decrease from a recent high of GBX 185 ($2.46).
• The company's debt-to-equity ratio stands at 6.10, indicating a highly leveraged position, while it has a return on equity of 55.13% and a net margin of 30.17%.
• Recent insider transactions include significant stock purchases by insiders, with a total of 18,191 shares acquired in the past ninety days, representing a strong confidence in the company's future.

Intercede Group plc (LON:IGP - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 163.91 ($2.20) and traded as low as GBX 157.15 ($2.11). Intercede Group shares last traded at GBX 161 ($2.17), with a volume of 8,992 shares.

Intercede Group Stock Performance

The firm has a 50 day moving average price of GBX 170.06 and a 200-day moving average price of GBX 163.68. 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 company has a market cap of £91.72 million, a P/E ratio of 15.17 and a beta of 1.36.

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

Insider Buying and Selling at Intercede Group

In other Intercede Group news, insider Nitil Patel acquired 741 shares of the company's stock in a transaction dated Wednesday, June 25th. The shares were acquired at an average cost of GBX 185 ($2.49) per share, for a total transaction of £1,370.85 ($1,843.53). Also, insider Klaas van der Leest acquired 12,450 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The shares were acquired at an average cost of GBX 178 ($2.39) per share, with a total value of £22,161 ($29,802.31). Insiders purchased a total of 18,191 shares of company stock worth $3,248,185 in the last quarter. 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.