Intercede Group (LON:IGP) Trading Up 10.9% After Insider Buying Activity

Intercede Group plc (LON:IGP)’s stock price shot up 10.9% on Monday following insider buying activity. The stock traded as high as GBX 170 ($2.22) and last traded at GBX 168 ($2.19). 292,459 shares changed hands during mid-day trading, an increase of 147% from the average session volume of 118,431 shares. The stock had previously closed at GBX 151.50 ($1.98).

Specifically, insider Nitil Patel bought 1,504 shares of the stock in a transaction on Friday, October 11th. The stock was bought at an average price of GBX 162 ($2.12) per share, with a total value of £2,436.48 ($3,181.61).

Intercede Group Trading Up 2.4 %

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 stock has a market capitalization of £100.96 million, a PE ratio of 1,720.00 and a beta of 1.36. The business’s 50-day moving average is GBX 190.93 and its two-hundred day moving average is GBX 146.42.

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.