IG Design Group (LON:IGR) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Posted by Stacy Sanders on Dec 15th, 2024

IG Design Group plc (LON:IGR – Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 172.87 ($2.18) and traded as low as GBX 129.58 ($1.64). IG Design Group shares last traded at GBX 132.50 ($1.67), with a volume of 273,300 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group decreased their target price on IG Design Group from GBX 325 ($4.10) to GBX 270 ($3.41) and set a “buy” rating for the company in a research report on Thursday, September 26th.

Get Our Latest Research Report on IG Design Group

IG Design Group Trading Down 0.7 %

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 stock’s 50-day moving average is GBX 129.49 and its two-hundred day moving average is GBX 172.87. The company has a market cap of £126.25 million, a P/E ratio of 473.21 and a beta of 1.08.

IG Design Group Company Profile

(Get Free Report)

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.