IG Design Group (LON:IGR) Trading Down 58.2% – Time to Sell?

IG Design Group plc (LON:IGRGet Free Report) traded down 58.2% during trading on Saturday . The company traded as low as GBX 56.67 ($0.69) and last traded at GBX 59.60 ($0.73). 9,236,741 shares were traded during trading, an increase of 876% from the average session volume of 946,405 shares. The stock had previously closed at GBX 142.50 ($1.73).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group dropped their price target on 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.

Get Our Latest Stock Report on IGR

IG Design Group Price Performance

The stock has a fifty day moving average of GBX 132.46 and a 200-day moving average of GBX 159.27. The firm has a market capitalization of £56.79 million, a P/E ratio of 212.86 and a beta of 1.08. The company has a quick ratio of 0.85, a current ratio of 1.88 and a debt-to-equity ratio of 35.04.

IG Design Group Company Profile

(Get Free Report)

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.

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