IG Group (LON:IGG) Sets New 12-Month High – Should You Buy?

IG Group Holdings plc (LON:IGG)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 995.50 ($12.46) and last traded at GBX 993.90 ($12.44), with a volume of 76320 shares traded. The stock had previously closed at GBX 987.50 ($12.36).

IG Group Stock Down 0.3 %

The stock has a market capitalization of £3.55 billion, a P/E ratio of 1,266.03, a price-to-earnings-growth ratio of -1.44 and a beta of 0.55. The company has a debt-to-equity ratio of 17.04, a current ratio of 2.31 and a quick ratio of 2.40. The stock has a fifty day moving average price of GBX 946.98 and a 200 day moving average price of GBX 921.41.

Insider Buying and Selling

In other news, insider Marieke Flament bought 5,335 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were acquired at an average price of GBX 937 ($11.72) per share, with a total value of £49,988.95 ($62,548.74). 4.44% of the stock is currently owned by insiders.

IG Group Company Profile

IG Group Holdings plc, a fintech company, engages in the online trading business worldwide. The company offers over the counter (OTC) derivatives, which include CFD (Contracts For Difference) that enable traders to take advantage of changes in an asset's price without owning the asset itself, as well as access to a range of risk-mitigation measures, including stops and limits, and negative-balance protection; and OTC FX and options, and spread bets, under IG and IG Prime brands.