Ideagen (LON:IDEA) Share Price Crosses Above 50-Day Moving Average of $156.29

Ideagen PLC (LON:IDEA)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $156.29 and traded as high as $172.00. Ideagen shares last traded at $172.00, with a volume of 141,253 shares traded.

Several equities research analysts have recently issued reports on IDEA shares. Canaccord Genuity increased their target price on shares of Ideagen from GBX 180 ($2.35) to GBX 200 ($2.61) and gave the stock a “buy” rating in a research note on Friday, November 29th. FinnCap restated a “corporate” rating on shares of Ideagen in a research note on Friday, October 11th.

The company has a market capitalization of $389.04 million and a price-to-earnings ratio of 286.67. The firm has a fifty day simple moving average of GBX 156.29 and a 200 day simple moving average of GBX 147.70. The company has a debt-to-equity ratio of 10.18, a current ratio of 0.69 and a quick ratio of 0.61.

In other Ideagen news, insider David Hornsby sold 260,000 shares of the stock in a transaction on Thursday, October 17th. The shares were sold at an average price of GBX 148 ($1.93), for a total transaction of £384,800 ($502,809.36). Also, insider Barney Kent sold 170,000 shares of Ideagen stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of GBX 150 ($1.96), for a total transaction of £255,000 ($333,202.67). Over the last ninety days, insiders have sold 1,080,000 shares of company stock valued at $160,180,000.

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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