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

Intercede Group plc (LON:IGP)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 traded.

Intercede Group Stock Down 2.8 %

The business has a 50-day simple moving average of GBX 180.86 and a two-hundred day simple moving average of GBX 181.69. 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 capitalization of £90.02 million, a price-to-earnings ratio of 14.89 and a beta of 1.36.

Intercede Group (LON:IGP) last posted 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%. As a group, equities analysts predict that Intercede Group plc will post 3.7781278 EPS 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.