IG Group (OTCMKTS:IGGHY) Trading Down 5.9% – Here’s What Happened

by · The Cerbat Gem

Shares of IG Group Holdings plc (OTCMKTS:IGGHY – Get Free Report) fell 5.9% on Friday . The company traded as low as $14.64 and last traded at $14.64. 132 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 495 shares. The stock had previously closed at $15.55.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of IG Group in a report on Friday, August 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, IG Group currently has an average rating of “Buy”.

Get Our Latest Analysis on IG Group

IG Group Trading Down 5.9%

The company’s fifty day moving average is $15.01 and its 200 day moving average is $14.69.

IG Group Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, October 23rd. Investors of record on Monday, September 22nd were issued a dividend of $0.4304 per share. The ex-dividend date of this dividend was Friday, September 19th. This represents a dividend yield of 372.0%. IG Group’s payout ratio is presently 62.58%.

About IG Group

(Get Free Report)

IG Group Holdings plc, a fintech company, engages in the online trading business worldwide. The company offers over the counter (OTC) derivatives, which include CFD (Contracts For Difference) that enable traders to take advantage of changes in an asset's price without owning the asset itself, as well as access to a range of risk-mitigation measures, including stops and limits, and negative-balance protection; and OTC FX and options, and spread bets, under IG and IG Prime brands.

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