IG Design Group (LON:IGR) Stock Passes Below 200-Day Moving Average of $176.18

Shares of IG Design Group plc (LON:IGR) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 176.18 ($2.33) and traded as low as GBX 170 ($2.25). IG Design Group shares last traded at GBX 174 ($2.30), with a volume of 113,935 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 325 ($4.29) price target on shares of IG Design Group in a research note on Wednesday, July 3rd.

IG Design Group Price Performance

The company has a debt-to-equity ratio of 35.04, a current ratio of 1.88 and a quick ratio of 0.85. The stock has a 50 day simple moving average of GBX 196.44 and a two-hundred day simple moving average of GBX 176.18. The company has a market cap of £165.79 million, a price-to-earnings ratio of 621.43 and a beta of 1.08.

About IG Design Group

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.