IG Design Group (LON:IGR) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

by · The Cerbat Gem

IG Design Group plc (LON:IGR – Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 160.49 ($1.95) and traded as low as GBX 144.50 ($1.76). IG Design Group shares last traded at GBX 146 ($1.78), with a volume of 173,425 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group cut their target price on shares of IG Design Group from GBX 325 ($3.95) to GBX 270 ($3.29) and set a “buy” rating for the company in a research note on Thursday, September 26th.

Check Out Our Latest Stock Report on IG Design Group

IG Design Group Price Performance

The company has a debt-to-equity ratio of 35.04, a quick ratio of 0.85 and a current ratio of 1.88. The firm has a fifty day simple moving average of GBX 132.46 and a two-hundred day simple moving average of GBX 159.27. The firm has a market cap of £56.79 million, a PE ratio of 212.86 and a beta of 1.08.

IG Design Group Company Profile

(Get Free Report)

IG Design Group plc, the largest consumer gift packaging business in the world, is a designer, innovator and manufacturer of products that help people celebrate life’s special occasions. Design Group works with more than 11,000 customers in over 80 countries throughout the UK, Europe, Australia and the USA.

Its products are found in over 210,000 retail outlets, including several of the world’s biggest retailers, for example Walmart, Target, Amazon, Costco, Lidl and Aldi.

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