Intercede Group (LON:IGP) Stock Price Crosses Below 200-Day Moving Average - Here's What Happened

Intercede Group plc (LON:IGP - Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 175.63 ($2.27) and traded as low as GBX 140.85 ($1.82). Intercede Group shares last traded at GBX 142.60 ($1.84), with a volume of 27,843 shares trading hands.

Intercede Group Trading Down 3.0 %

The company has a current ratio of 1.95, a quick ratio of 2.02 and a debt-to-equity ratio of 6.10. The firm has a market capitalization of £79.66 million, a P/E ratio of 13.17 and a beta of 1.36. The business has a 50 day moving average of GBX 161.74 and a 200-day moving average of GBX 174.84.

Insider Activity

In other news, insider Klaas van der Leest purchased 33,750 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of GBX 148 ($1.91) per share, with a total value of £49,950 ($64,534.88). Corporate 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.