IG Group (LON:IGG) Sets New 52-Week High – Still a Buy?

by · The Markets Daily

IG Group Holdings plc (LON:IGG – Get Free Report) hit a new 52-week high on Monday . The company traded as high as GBX 999 ($12.46) and last traded at GBX 998 ($12.45), with a volume of 2637356 shares. The stock had previously closed at GBX 997 ($12.44).

IG Group Price Performance

The business has a fifty day moving average price of GBX 953.23 and a 200-day moving average price of GBX 927.38. The company has a current ratio of 2.31, a quick ratio of 2.40 and a debt-to-equity ratio of 17.04. The stock has a market capitalization of £3.56 billion, a PE ratio of 1,269.23, a PEG ratio of -1.44 and a beta of 0.55.

Insider Activity at IG Group

In related news, insider Marieke Flament bought 5,335 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was bought at an average cost of GBX 937 ($11.69) per share, for a total transaction of £49,988.95 ($62,361.46). 4.44% of the stock is currently owned by company insiders.

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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