IG Design Group (LON:IGR) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

IG Design Group plc (LON:IGR) crossed below its 200-day moving average during trading on Friday . The stock has a 200-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 changing hands.

Analyst Upgrades and Downgrades

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

IG Design Group Trading Down 0.7 %

The company has a quick ratio of 0.85, a current ratio of 1.88 and a debt-to-equity ratio of 35.04. The company has a market cap of £126.25 million, a P/E ratio of 473.21 and a beta of 1.08. The firm’s 50 day moving average is GBX 129.49 and its two-hundred day moving average is GBX 172.87.

IG Design Group Company Profile

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.