Intercede Group (LON:IGP) Shares Pass Above 200-Day Moving Average - Here's Why

Intercede Group plc (LON:IGP - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 165.53 ($2.09) and traded as high as GBX 169.50 ($2.14). Intercede Group shares last traded at GBX 166.50 ($2.10), with a volume of 55,291 shares trading hands.

Intercede Group Stock Up 0.9 %

The firm has a market cap of £97.74 million, a P/E ratio of 1,665.00 and a beta of 1.36. The company's 50-day simple moving average is GBX 175.13 and its 200 day simple moving average is GBX 165.53. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.95 and a quick ratio of 2.02.

Insider Activity at Intercede Group

In other news, insider Nitil Patel acquired 1,504 shares of the company's stock in a transaction that occurred on Friday, October 11th. The shares were bought at an average price of GBX 162 ($2.04) per share, with a total value of £2,436.48 ($3,075.20). Also, insider Tina Whitley bought 24,777 shares of the firm's stock in a transaction on Friday, September 20th. The shares were purchased at an average cost of £201.80 ($254.70) per share, with a total value of £4,999,998.60 ($6,310,739.11). 56.57% of the stock is currently owned by 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.