IG Group (LON:IGG) Reaches New 52-Week Low – Should You Sell?

IG Group Holdings plc (LON:IGG) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 95.50 ($1.19) and last traded at GBX 1,005 ($12.51), with a volume of 522340 shares trading hands. The stock had previously closed at GBX 1,007.56 ($12.55).

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a “buy” rating on shares of IG Group in a research report on Thursday, January 16th.

IG Group Stock Down 0.6 %

The stock has a market cap of £3.54 billion, a P/E ratio of 1,264.87, a PEG ratio of -1.44 and a beta of 0.55. The company has a debt-to-equity ratio of 17.04, a quick ratio of 2.40 and a current ratio of 2.31. The firm’s 50-day moving average is GBX 998.97 and its two-hundred day moving average is GBX 958.11.

IG Group (LON:IGG) last announced its quarterly earnings data on Thursday, January 23rd. The company reported GBX 55.30 ($0.69) EPS for the quarter. IG Group had a return on equity of 15.76% and a net margin of 32.24%. On average, equities research analysts anticipate that IG Group Holdings plc will post 104.0295119 earnings per share for the current year.

IG Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, February 11th. Shareholders of record on Thursday, January 30th were paid a GBX 13.86 ($0.17) dividend. The ex-dividend date was Thursday, January 30th. This represents a yield of 1.37%. IG Group’s payout ratio is presently 5,897.44%.

Insider Transactions at IG Group

In other news, insider Clifford Abrahams acquired 5,000 shares of IG Group stock in a transaction that occurred on Monday, February 3rd. The shares were acquired at an average price of GBX 1,013 ($12.61) per share, with a total value of £50,650 ($63,068.11). Also, insider Marieke Flament bought 5,335 shares of the stock in a transaction on Tuesday, November 26th. The stock was purchased at an average cost of GBX 937 ($11.67) per share, with a total value of £49,988.95 ($62,244.99). 4.44% of the stock is owned by corporate insiders.

IG Group Company Profile

IG Group (LSEG:IGG) is an innovative, global fintech company that delivers dynamic online trading platforms and a
robust educational ecosystem to power the pursuit of financial freedom for the ambitious. For nearly five decades,
the Company has evolved its technology, risk management, financial products, content, and platforms to meet the
needs of its retail and institutional clients.