IG Design Group (LON:IGR) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

IG Design Group plc (LON:IGR) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 178.27 ($2.38) and traded as low as GBX 115 ($1.54). IG Design Group shares last traded at GBX 117.50 ($1.57), with a volume of 110,650 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group cut their price objective on IG Design Group from GBX 325 ($4.35) to GBX 270 ($3.61) and set a “buy” rating on the stock in a report on Thursday, September 26th.

IG Design Group Trading Up 0.4 %

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 company has a market cap of £112.43 million, a price-to-earnings ratio of 437.04 and a beta of 1.08. The company’s fifty day moving average is GBX 182.18 and its two-hundred day moving average is GBX 177.86.

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.