Ingenta (LON:ING) Trading Up 14% – Time to Buy?

Ingenta plc (LON:ING) shares rose 14% during mid-day trading on Monday . The stock traded as high as GBX 98 and last traded at GBX 98. Approximately 113,049 shares were traded during trading, an increase of 113% from the average daily volume of 53,164 shares. The stock had previously closed at GBX 86.

Ingenta Stock Up 14.0%

The firm’s 50-day moving average price is GBX 88.72 and its 200 day moving average price is GBX 74.08. The firm has a market cap of £14.22 million, a P/E ratio of 7.76 and a beta of 0.16.

About Ingenta

Ingenta provides mission critical software designed to solve the unique problems faced by information and content providers. We tailor our suite of industry-specific technology products to create robust solutions to digitally distribute content and to manage our customers IP and content requirements.

We support a full spectrum of clients ranging between global publishing giants and academic and trade publications, right through to prestigious NGO’s and established music record labels and multimedia companies.