Ideagen (LON:IDEA) Share Price Crosses Below Fifty Day Moving Average of $147.84

Ideagen PLC (LON:IDEA) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $147.84 and traded as low as $146.10. Ideagen shares last traded at $147.40, with a volume of 47,780 shares.

IDEA has been the subject of a number of research reports. FinnCap reissued a “corporate” rating on shares of Ideagen in a research note on Friday, October 11th. Canaccord Genuity increased their target price on Ideagen from GBX 170 ($2.22) to GBX 180 ($2.35) and gave the stock a “buy” rating in a research note on Wednesday, July 17th.

The company has a current ratio of 0.69, a quick ratio of 0.61 and a debt-to-equity ratio of 10.18. The business has a 50 day moving average of GBX 148.05 and a 200-day moving average of GBX 145.28. The firm has a market capitalization of $334.27 million and a P/E ratio of 252.50.

In other Ideagen news, insider David Hornsby sold 260,000 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of GBX 148 ($1.93), for a total transaction of £384,800 ($502,809.36). Also, insider Ben Dorks sold 650,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of GBX 148 ($1.93), for a total value of £962,000 ($1,257,023.39).

About Ideagen (LON:IDEA)

Ideagen plc develops and supplies information management software in the United Kingdom, the United States, Bulgaria, Malaysia, and the Middle East. Its governance, risk and compliance (GRC) management solutions comprise Q-Pulse QMS, an electronic quality management system; Q-Pulse PM, a product management software; Pentana Audit, an audit automation application; Pentana Disclose, a financial disclosure checklist software; Pentana Performance, a cloud-based performance and risk management software; Coruson, an enterprise cloud safety management software; and PleaseReview, a document review, co-authoring, and redaction software.

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