IDE Group (LON:IDE) Shares Up 3.6% – Here’s What Happened

IDE Group Holdings plc (LON:IDE) shares rose 3.6% on Thursday . The company traded as high as GBX 72.50 ($0.94) and last traded at GBX 72.50 ($0.94). Approximately 379 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 440,125 shares. The stock had previously closed at GBX 70 ($0.91).

IDE Group Price Performance

The company has a debt-to-equity ratio of 286.67, a quick ratio of 0.95 and a current ratio of 0.95. The stock’s 50 day simple moving average is GBX 72.50 and its two-hundred day simple moving average is GBX 72.50. The firm has a market capitalization of £3.60 million and a PE ratio of -18.13.

About IDE Group

IDE Group Holdings plc, through its subsidiaries, provides network, hosting, and managed services to public and private companies in the United Kingdom. Its cloud and hosting services include co-location, private and public, hybrid cloud, and cloud migration; network and connectivity service includes cloud connectivity, multi-protocol label switching, local and wide area network, and distributed denial of service protection services; collaboration services comprise hosted telephony and unified communication; managed services include remote infrastructure management, tech bars and on-site resources, field and smart hands, threat protection, and professional services; and device management services comprise procurement, configuration and integration, deployment, management, and retirement services.