Intercede Group (LON:IGP) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Intercede Group plc (LON:IGP)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 147.67 and traded as low as GBX 120. Intercede Group shares last traded at GBX 122, with a volume of 20,000 shares changing hands.

Intercede Group Trading Up 1.7%

The company has a debt-to-equity ratio of 6.10, a current ratio of 1.95 and a quick ratio of 2.02. The business’s 50-day moving average price is GBX 123.79 and its two-hundred day moving average price is GBX 147.67. The company has a market capitalization of £73.40 million, a P/E ratio of 21.03 and a beta of 1.36.

Intercede Group (LON:IGP) last posted its earnings results on Tuesday, November 25th. The company reported GBX 2.20 earnings per share for the quarter. Intercede Group had a return on equity of 55.13% and a net margin of 30.17%. As a group, analysts forecast that Intercede Group plc will post 3.7781278 EPS for the current fiscal year.

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.