IG Design Group (LON:IGR) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

IG Design Group plc (LON:IGR) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 179.78 ($2.33) and traded as low as GBX 125 ($1.62). IG Design Group shares last traded at GBX 126 ($1.64), with a volume of 84,341 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reduced their price target on shares of IG Design Group from GBX 325 ($4.22) to GBX 270 ($3.51) and set a “buy” rating on the stock in a research note on Thursday, September 26th.

IG Design Group Price Performance

The stock’s 50 day simple moving average is GBX 161.31 and its 200-day simple moving average is GBX 179.40. 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 company has a market capitalization of £121.01 million, a PE ratio of 441.43 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.