IG Design Group (LON:IGR) Stock Price Down 58.3% – Should You Sell?

IG Design Group plc (LON:IGR)’s stock price dropped 58.3% during mid-day trading on Friday . The stock traded as low as GBX 57 ($0.69) and last traded at GBX 59.49 ($0.72). Approximately 5,342,142 shares changed hands during trading, an increase of 759% from the average daily volume of 621,855 shares. The stock had previously closed at GBX 142.50 ($1.73).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group dropped their price objective on shares of IG Design Group from GBX 325 ($3.95) to GBX 270 ($3.29) and set a “buy” rating for the company in a report on Thursday, September 26th.

IG Design Group Stock Performance

The firm has a market capitalization of £56.79 million, a PE ratio of 212.86 and a beta of 1.08. The business has a 50-day simple moving average of GBX 132.46 and a 200-day simple moving average of GBX 159.27. The company has a debt-to-equity ratio of 35.04, a current ratio of 1.88 and a quick ratio of 0.85.

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.