International Consolidated Airlines Group (LON:IAG) Hits New 52-Week High – Here’s Why

International Consolidated Airlines Group S.A. (LON:IAG)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 240.20 ($3.09) and last traded at GBX 239.60 ($3.08), with a volume of 31520180 shares trading hands. The stock had previously closed at GBX 234.50 ($3.02).

International Consolidated Airlines Group Stock Performance

The company has a debt-to-equity ratio of 337.70, a quick ratio of 0.63 and a current ratio of 0.70. The stock has a 50-day moving average of GBX 205.07 and a 200-day moving average of GBX 183.66. The firm has a market cap of £11.76 billion, a price-to-earnings ratio of 571.67, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31.

International Consolidated Airlines Group Company Profile

International Consolidated Airlines Group SA, together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, the United States, and rest of the world. It also provides aircraft leasing, aircraft maintenance, tour operation, air freight operations, call centre, ground handling, trustee, retail, IT, finance, procurement, storage and custody, aircraft technical assistance, human resources support, and airport infrastructure development services; and manages airline loyalty programmes.