IG Design Group (LON:IGR) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

IG Design Group plc (LON:IGR)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 179.78 ($2.33) and traded as low as GBX 125 ($1.62). IG Design Group shares last traded at GBX 126 ($1.64), with a volume of 84,341 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group decreased their price target on shares of IG Design Group from GBX 325 ($4.22) to GBX 270 ($3.51) and set a “buy” rating on the stock in a report on Thursday, September 26th.

IG Design Group Stock Down 1.6 %

The company has a debt-to-equity ratio of 35.04, a quick ratio of 0.85 and a current ratio of 1.88. The stock has a market capitalization of £120.05 million, a P/E ratio of 450.00 and a beta of 1.08. The stock’s fifty day simple moving average is GBX 162.67 and its two-hundred day simple moving average is GBX 179.78.

About IG Design Group

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.