IG Design Group (LON:IGR) Stock Passes Below 200-Day Moving Average – Here’s Why

IG Design Group plc (LON:IGR)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 115.44 ($1.50) and traded as low as GBX 56 ($0.73). IG Design Group shares last traded at GBX 56 ($0.73), with a volume of 304,213 shares.

IG Design Group Stock Down 2.6 %

The company has a quick ratio of 0.85, a current ratio of 1.88 and a debt-to-equity ratio of 35.81. The company has a market capitalization of £54.95 million, a price-to-earnings ratio of 1.90 and a beta of 1.08. The business’s 50-day moving average is GBX 68.44 and its 200-day moving average is GBX 115.44.

IG Design Group Company Profile

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.