IG Design Group (LON:IGR) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Shares of IG Design Group plc (LON:IGR) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 169.20 ($2.12) and traded as low as GBX 130.25 ($1.63). IG Design Group shares last traded at GBX 133.70 ($1.68), with a volume of 73,859 shares.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reduced their price target on IG Design Group from GBX 325 ($4.07) to GBX 270 ($3.38) and set a “buy” rating for the company in a research report on Thursday, September 26th.

IG Design Group Price Performance

The stock has a market capitalization of £126.27 million, a price-to-earnings ratio of 473.29 and a beta of 1.08. The business has a 50-day simple moving average of GBX 130.47 and a two-hundred day simple moving average of GBX 168.62. The company has a quick ratio of 0.85, a current ratio of 1.88 and a debt-to-equity ratio of 35.04.

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.