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

Intercede Group plc (LON:IGPGet Free Report) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 166.07 ($2.22) and traded as low as GBX 152.67 ($2.04). Intercede Group shares last traded at GBX 160 ($2.14), with a volume of 330,973 shares trading hands.

Intercede Group Trading Up 0.6%

The company has a market capitalization of £94.90 million, a price-to-earnings ratio of 2,461.54 and a beta of 1.36. 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’s 50 day simple moving average is GBX 170.02 and its two-hundred day simple moving average is GBX 166.07.

Insider Buying and Selling at Intercede Group

In related news, insider Royston Hoggarth acquired 128,200 shares of the stock in a transaction dated Thursday, October 9th. The stock was acquired at an average cost of GBX 156 per share, for a total transaction of £199,992. Also, insider Nitil Patel acquired 2,600 shares of the stock in a transaction dated Thursday, October 9th. The shares were bought at an average price of GBX 153 per share, with a total value of £3,978. Insiders own 45.35% of the company’s stock.

About Intercede Group

(Get Free Report)

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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