IG Design Group (LON:IGR) Stock Price Down 57.9% – Here’s What Happened

IG Design Group plc (LON:IGR) shares were down 57.9% during trading on Friday . The stock traded as low as GBX 57 ($0.70) and last traded at GBX 60 ($0.73). Approximately 6,660,522 shares traded hands during trading, an increase of 810% from the average daily volume of 731,720 shares. The stock had previously closed at GBX 142.50 ($1.74).

Analyst Ratings Changes

Separately, Canaccord Genuity Group decreased their price target on IG Design Group from GBX 325 ($3.98) to GBX 270 ($3.30) and set a “buy” rating for the company in a report on Thursday, September 26th.

IG Design Group Price Performance

The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 35.04. The firm has a market capitalization of £56.79 million, a PE ratio of 212.86 and a beta of 1.08. The company has a fifty day moving average price of GBX 133.97 and a two-hundred day moving average price of GBX 159.96.

IG Design Group Company Profile

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.