Ideagen (LON:IDEA) Stock Price Passes Below 50 Day Moving Average of $145.65

Ideagen PLC (LON:IDEA) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $145.65 and traded as low as $147.00. Ideagen shares last traded at $148.00, with a volume of 72,433 shares trading hands.

Several equities analysts recently commented on the stock. FinnCap reaffirmed a “corporate” rating on shares of Ideagen in a research note on Wednesday, July 17th. Canaccord Genuity boosted their price objective on shares of Ideagen from GBX 170 ($2.22) to GBX 180 ($2.35) and gave the company a “buy” rating in a research note on Wednesday, July 17th.

The firm’s 50 day moving average is GBX 145.65 and its 200 day moving average is GBX 144.63. The company has a market cap of $325.77 million and a PE ratio of 246.67. The company has a debt-to-equity ratio of 10.18, a current ratio of 0.69 and a quick ratio of 0.69.

The company also recently disclosed a dividend, which will be paid on Tuesday, November 26th. Investors of record on Thursday, November 7th will be paid a dividend of GBX 0.19 ($0.00) per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a yield of 0.13%. This is a boost from Ideagen’s previous dividend of $0.09.

In other Ideagen news, insider Ben Dorks sold 650,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of GBX 148 ($1.93), for a total value of £962,000 ($1,257,023.39).

Ideagen Company Profile (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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