IG Design Group (LON:IGR) Share Price Passes Below Two Hundred Day Moving Average - Should You Sell?

IG Design Group plc (LON:IGR - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 160.49 ($1.96) and traded as low as GBX 144.50 ($1.77). IG Design Group shares last traded at GBX 146 ($1.79), with a volume of 173,425 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered their price target on IG Design Group from GBX 325 ($3.98) to GBX 270 ($3.30) and set a "buy" rating on the stock in a research report on Thursday, September 26th.

IG Design Group Price Performance

The stock has a market capitalization of £134.34 million, a P/E ratio of 503.57 and a beta of 1.08. The company has a debt-to-equity ratio of 35.04, a current ratio of 1.88 and a quick ratio of 0.85. The company's 50-day simple moving average is GBX 133.90 and its 200-day simple moving average is GBX 160.49.

About IG Design Group

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.