IG Group (OTCMKTS:IGGHY) Shares Down 5.9% – Here’s Why

IG Group Holdings plc (OTCMKTS:IGGHY)’s share price fell 5.9% during mid-day trading on Friday . The stock traded as low as $14.64 and last traded at $14.64. 132 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 495 shares. The stock had previously closed at $15.55.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of IG Group in a research report on Friday, August 8th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy”.

IG Group Trading Down 5.9%

The stock has a fifty day simple moving average of $15.01 and a two-hundred day simple moving average of $14.69.

IG Group Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, October 23rd. Shareholders of record on Monday, September 22nd were paid a $0.4304 dividend. The ex-dividend date of this dividend was Friday, September 19th. This represents a yield of 372.0%. IG Group’s payout ratio is currently 62.58%.

IG Group Company Profile

IG Group Holdings plc, a fintech company, engages in the online trading business worldwide. The company offers over the counter (OTC) derivatives, which include CFD (Contracts For Difference) that enable traders to take advantage of changes in an asset's price without owning the asset itself, as well as access to a range of risk-mitigation measures, including stops and limits, and negative-balance protection; and OTC FX and options, and spread bets, under IG and IG Prime brands.