IG Group (LON:IGG) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

IG Group Holdings plc (LON:IGG) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 910.13 ($11.44) and traded as high as GBX 976.50 ($12.27). IG Group shares last traded at GBX 971 ($12.20), with a volume of 2,001,195 shares.

IG Group Trading Up 0.4 %

The firm has a fifty day simple moving average of GBX 939.17 and a two-hundred day simple moving average of GBX 910.78. The stock has a market cap of £3.49 billion, a PE ratio of 1,244.87, a PEG ratio of -1.44 and a beta of 0.55. The company has a current ratio of 2.31, a quick ratio of 2.40 and a debt-to-equity ratio of 17.04.

Insider Activity

In other IG Group news, insider Marieke Flament bought 5,335 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was bought at an average price of GBX 937 ($11.78) per share, for a total transaction of £49,988.95 ($62,823.87). Also, insider Breon Corcoran purchased 40,000 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was bought at an average price of GBX 916 ($11.51) per share, for a total transaction of £366,400 ($460,475.05). Insiders own 4.44% of the company’s stock.

About IG Group

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.