FinnCap Reaffirms Corporate Rating for Ideagen (LON:IDEA)

FinnCap reissued their corporate rating on shares of Ideagen (LON:IDEA) in a report released on Friday morning, ThisIsMoney.Co.Uk reports.

Separately, Canaccord Genuity lifted their price target on shares of 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.

Shares of IDEA traded down GBX 1.50 ($0.02) during midday trading on Friday, reaching GBX 147 ($1.92). The stock had a trading volume of 72,682 shares, compared to its average volume of 93,247. Ideagen has a 1-year low of GBX 41 ($0.54) and a 1-year high of GBX 166.24 ($2.17). The company’s fifty day simple moving average is GBX 147.53 and its two-hundred day simple moving average is GBX 145.24. The company has a market cap of $329.84 million and a price-to-earnings ratio of 245.00. 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 firm also recently disclosed a dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Thursday, November 7th will be given a dividend of GBX 0.19 ($0.00) per share. This is an increase from Ideagen’s previous dividend of $0.09. This represents a yield of 0.13%. The ex-dividend date is Thursday, November 7th.

In other news, insider Ben Dorks sold 650,000 shares of Ideagen stock in a transaction dated 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).

About Ideagen

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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