Nitil Patel Buys 500,000 Shares of Intercede Group (LON:IGP) Stock

Intercede Group plc (LON:IGP) insider Nitil Patel bought 500,000 shares of the stock in a transaction that occurred on Monday, July 20th. The shares were purchased at an average price of GBX 38 per share, with a total value of £190,000.

Nitil Patel also recently made the following trade(s):

• On Thursday, May 7th, Nitil Patel bought 2,956 shares of Intercede Group stock. The stock was purchased at an average cost of GBX 122 per share, with a total value of £3,606.32.

Intercede Group Stock Down 0.5%

Shares of LON:IGP opened at GBX 106.50 on Wednesday. The firm has a market capitalization of £64.07 million, a PE ratio of 19.36 and a beta of 1.62. Intercede Group plc has a 1 year low of GBX 73 and a 1 year high of GBX 178. The company has a debt-to-equity ratio of 5.69, a current ratio of 2.76 and a quick ratio of 2.02. The firm’s 50-day moving average is GBX 110.98 and its two-hundred day moving average is GBX 106.94.

Intercede Group (LON:IGP) last posted its quarterly earnings data on Wednesday, June 24th. The company reported GBX 5.70 EPS for the quarter. The business had revenue of GBX 1,716 million during the quarter. Intercede Group had a net margin of 19.68% and a return on equity of 18.91%. Analysts predict that Intercede Group plc will post 3.7781278 EPS for the current year.

About Intercede Group

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.