Intercede Group (LON:IGP) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of Intercede Group plc (LON:IGP) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 167.76 ($2.10) and traded as low as GBX 163 ($2.04). Intercede Group shares last traded at GBX 167.90 ($2.10), with a volume of 221,683 shares traded.

Intercede Group Stock Performance

The firm has a market cap of £99.27 million, a P/E ratio of 1,691.20 and a beta of 1.36. 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 business’s 50-day simple moving average is GBX 173.66 and its 200 day simple moving average is GBX 168.15.

Insider Buying and Selling

In other Intercede Group 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 ($2.03) per share, with a total value of £2,436.48 ($3,054.38). 56.57% of the stock is currently owned by corporate 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.