IG Design Group (LON:IGR) Stock Price Crosses Above Fifty Day Moving Average - Time to Sell?

IG Design Group plc (LON:IGR - Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 133.90 ($1.64) and traded as high as GBX 150 ($1.84). IG Design Group shares last traded at GBX 146 ($1.79), with a volume of 173,425 shares.

Analysts Set New Price Targets

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

IG Design Group Stock Performance

The company has a market cap of £134.34 million, a P/E ratio of 503.57 and a beta of 1.08. The stock has a 50 day moving average price of GBX 133.90 and a two-hundred day moving average price of GBX 160.49. The company has a quick ratio of 0.85, a current ratio of 1.88 and a debt-to-equity ratio of 35.04.

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.