IG Design Group (LON:IGR) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

IG Design Group plc (LON:IGRGet Free Report)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 151.36 ($1.88) and traded as low as GBX 61.04 ($0.76). IG Design Group shares last traded at GBX 61.80 ($0.77), with a volume of 233,043 shares changing hands.

IG Design Group Price Performance

The business’s 50-day simple moving average is GBX 121.29 and its 200 day simple moving average is GBX 151.36. The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 35.04. The company has a market capitalization of £58.88 million, a P/E ratio of 220.71 and a beta of 1.08.

IG Design Group Company Profile

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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.

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