Intercede Group (LON:IGP) Sets New 52-Week High – Should You Buy?

Intercede Group plc (LON:IGP) shares hit a new 52-week high on Thursday. The company traded as high as GBX 160 and last traded at GBX 160, with a volume of 156,628 shares changing hands. The stock had previously closed at GBX 147.25.

Intercede Group Price Performance

The stock has a 50 day moving average of GBX 130.78 and a 200-day moving average of GBX 112.36. The company has a debt-to-equity ratio of 5.69, a quick ratio of 2.02 and a current ratio of 2.76. The company has a market cap of £97.62 million, a PE ratio of 29.09 and a beta of 1.54.

Insider Activity

In related news, insider Daniel O’Brien bought 22,070 shares of the company’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were purchased at an average cost of GBX 120 per share, with a total value of £26,484. 46.23% of the stock is currently owned by company insiders.

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.