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

Intercede Group plc (LON:IGP)’s stock price rose 10.9% during trading on Monday after an insider bought additional shares in the company. The stock traded as high as GBX 170 ($2.22) and last traded at GBX 168 ($2.20). 292,459 shares changed hands during trading, an increase of 147% from the average daily 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 Intercede Group stock in a transaction dated Friday, October 11th. The shares were purchased at an average cost of GBX 162 ($2.12) per share, with a total value of £2,436.48 ($3,188.69).

Intercede Group Stock Up 10.9 %

The firm has a market cap of £98.62 million, a PE ratio of 1,631.25 and a beta of 1.36. The stock has a 50 day simple moving average of GBX 189.89 and a 200-day simple moving average of GBX 145.59. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.95 and a quick ratio of 2.02.

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.