Intercede Group (LON:IGP) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Intercede Group plc (LON:IGP) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 181.69 ($2.29) and traded as low as GBX 160.11 ($2.01). Intercede Group shares last traded at GBX 163 ($2.05), with a volume of 299,157 shares trading hands.

Intercede Group Stock Down 2.8 %

The stock has a market capitalization of £90.02 million, a PE ratio of 14.89 and a beta of 1.36. The firm has a 50 day moving average of GBX 180.86 and a two-hundred day moving average of GBX 181.69. The company has a current ratio of 1.95, a quick ratio of 2.02 and a debt-to-equity ratio of 6.10.

Intercede Group (LON:IGP) last released its quarterly earnings data on Tuesday, November 26th. The company reported GBX 3.10 ($0.04) earnings per share for the quarter. Intercede Group had a return on equity of 55.13% and a net margin of 30.17%. Equities research analysts anticipate that Intercede Group plc will post 3.7781278 earnings per share for the current year.

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.