IG Group (LON:IGG) Stock Price Up 7.5% – What’s Next?

IG Group Holdings plc (LON:IGG)’s share price traded up 7.5% during mid-day trading on Tuesday . The company traded as high as GBX 1,700 and last traded at GBX 1,691.50. 5,340,505 shares traded hands during mid-day trading, an increase of 7% from the average session volume of 4,985,192 shares. The stock had previously closed at GBX 1,574.

IG Group Stock Up 9.1%

The company has a market cap of £5.68 billion, a PE ratio of 16.34, a PEG ratio of -1.44 and a beta of 0.49. The stock’s 50 day moving average price is GBX 1,466.56 and its 200-day moving average price is GBX 1,327.35. The company has a debt-to-equity ratio of 30.81, a quick ratio of 2.40 and a current ratio of 3.43.

IG Group (LON:IGG) last announced its quarterly earnings data on Thursday, March 19th. The company reported GBX 196.66 earnings per share (EPS) for the quarter. IG Group had a net margin of 35.26% and a return on equity of 20.91%. On average, analysts predict that IG Group Holdings plc will post 104.0295119 earnings per share for the current year.

IG Group announced that its Board of Directors has initiated a share buyback plan on Wednesday, April 1st that allows the company to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

IG Group Company Profile

IG Group Holdings plc (“IG”) is a FTSE 100 financial technology company operating at the intersection of retail trading, technology and capital markets. Through its trusted brands – IG, tastytrade, Freetrade and Independent Reserve – the Group serves over 1.3 million customers worldwide, providing leveraged trading, stock trading and investments, and cryptocurrency trading via its proprietary platforms. For more information, visit www.iggroup.com.