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

Intercede Group plc (LON:IGP)’s stock price traded up 10.9% 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 ($2.19). 292,459 shares traded 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 purchased 1,504 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was purchased at an average cost of GBX 162 ($2.12) per share, for a total transaction of £2,436.48 ($3,181.61).

Intercede Group Stock Up 10.9 %

The firm has a 50 day moving average price of GBX 190.41 and a two-hundred day moving average price of GBX 146. The company has a quick ratio of 2.02, a current ratio of 1.95 and a debt-to-equity ratio of 6.10. The company has a market capitalization of £98.62 million, a price-to-earnings ratio of 1,680.00 and a beta of 1.36.

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.