IG Design Group (LON:IGR) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

IG Design Group plc (LON:IGR)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 179.08 ($2.34) and traded as low as GBX 126.61 ($1.65). IG Design Group shares last traded at GBX 129.50 ($1.69), with a volume of 152,578 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group cut their price objective on IG Design Group from GBX 325 ($4.24) to GBX 270 ($3.53) and set a “buy” rating for the company in a research 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 company’s fifty day moving average is GBX 172.75 and its two-hundred day moving average is GBX 179.08. The stock has a market cap of £123.39 million, a price-to-earnings ratio of 462.50 and a beta of 1.08.

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.