IG Design Group (LON:IGR) Share Price Crosses Below 200 Day Moving Average of $176.18

Shares of IG Design Group plc (LON:IGR) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 176.18 ($2.33) and traded as low as GBX 170 ($2.25). IG Design Group shares last traded at GBX 174 ($2.30), with a volume of 113,935 shares.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 325 ($4.29) price objective on shares of IG Design Group in a report on Wednesday, July 3rd.

IG Design Group Price Performance

The stock has a market capitalization of £165.31 million, a price-to-earnings ratio of 619.64 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. The business has a 50-day simple moving average of GBX 195.89 and a two-hundred day simple moving average of GBX 176.54.

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.