Intercede Group (LON:IGP) Share Price Crosses Below 200 Day Moving Average - What's Next?

Intercede Group plc (LON:IGP - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 170.10 ($2.26) and traded as low as GBX 152 ($2.02). Intercede Group shares last traded at GBX 155.50 ($2.07), with a volume of 32,898 shares.

Intercede Group Stock Performance

The business has a 50 day moving average price of GBX 148.47 and a two-hundred day moving average price of GBX 168.65. 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 £88.55 million, a P/E ratio of 14.65 and a beta of 1.36.

Insiders Place Their Bets

In related news, insider Klaas van der Leest purchased 33,750 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average price of GBX 148 ($1.97) per share, for a total transaction of £49,950 ($66,414.04). Company insiders own 56.57% of the company's stock.

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.