IG Group (LON:IGG) Posts Quarterly Earnings Results

IG Group (LON:IGG) issued its quarterly earnings results on Thursday. The company reported GBX 55.30 ($0.68) EPS for the quarter, Digital Look Earnings reports. IG Group had a return on equity of 15.76% and a net margin of 32.24%.

IG Group Stock Up 1.7 %

Shares of IGG traded up GBX 17 ($0.21) during trading hours on Friday, hitting GBX 1,023 ($12.64). The company had a trading volume of 2,977,091 shares, compared to its average volume of 1,347,167. IG Group has a 52-week low of GBX 671 ($8.29) and a 52-week high of GBX 1,106 ($13.66). The firm has a fifty day moving average price of GBX 978.67 and a 200-day moving average price of GBX 941.89. The stock has a market capitalization of £3.67 billion, a price-to-earnings ratio of 1,311.54, a P/E/G ratio of -1.44 and a beta of 0.55. The company has a debt-to-equity ratio of 17.04, a quick ratio of 2.40 and a current ratio of 2.31.

Insiders Place Their Bets

In related news, insider Marieke Flament bought 5,335 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was acquired at an average cost of GBX 937 ($11.57) per share, for a total transaction of £49,988.95 ($61,745.24). Corporate insiders own 4.44% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “buy” rating on shares of IG Group in a research report on Thursday, January 16th.

About IG Group

IG Group (LSEG:IGG) is an innovative, global fintech company that delivers dynamic online trading platforms and a
robust educational ecosystem to power the pursuit of financial freedom for the ambitious. For nearly five decades,
the Company has evolved its technology, risk management, financial products, content, and platforms to meet the
needs of its retail and institutional clients.