IG Design Group (LON:IGR) Stock Crosses Below 200-Day Moving Average - Here's Why

IG Design Group plc (LON:IGR - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 169.20 ($2.12) and traded as low as GBX 130.25 ($1.63). IG Design Group shares last traded at GBX 133.70 ($1.68), with a volume of 73,859 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered their target price on IG Design Group from GBX 325 ($4.07) to GBX 270 ($3.38) and set a "buy" rating for the company in a research note on Thursday, September 26th.

IG Design Group Stock Up 0.0 %

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 has a market capitalization of £126.27 million, a price-to-earnings ratio of 473.29 and a beta of 1.08. The firm has a 50-day moving average price of GBX 130.47 and a two-hundred day moving average price of GBX 169.20.

IG Design Group Company Profile

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.