IG Design Group (LON:IGR) Stock Passes Below 200-Day Moving Average – Here’s Why

IG Design Group plc (LON:IGR)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 172.87 ($2.18) and traded as low as GBX 129.58 ($1.64). IG Design Group shares last traded at GBX 132.50 ($1.67), with a volume of 273,300 shares traded.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reduced their price objective on shares of IG Design Group from GBX 325 ($4.10) to GBX 270 ($3.41) and set a “buy” rating for the company in a research note on Thursday, September 26th.

IG Design Group Price Performance

The stock has a market capitalization of £126.25 million, a PE ratio of 473.21 and a beta of 1.08. The business’s 50-day moving average price is GBX 129.49 and its 200 day moving average price is GBX 172.87. The company has a debt-to-equity ratio of 35.04, a quick ratio of 0.85 and a current ratio of 1.88.

IG Design Group Company Profile

IG Design Group plc engages in the design, production, and distribution of celebrations, craft and creative play, stationery, gifting, and not for re-sale consumable products in the Americas, the United Kingdom, and internationally. It operates in two segments, the DG Americas and the DG International.