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IG Design Group (LON:IGR) Stock Passes Below 200-Day Moving Average - Should You Sell?

IG Design Group logo with Consumer Cyclical background

Shares of IG Design Group plc (LON:IGR - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 172.87 ($2.18) and traded as low as GBX 129.58 ($1.64). IG Design Group shares last traded at GBX 132.50 ($1.67), with a volume of 273,300 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reduced their target price on shares of IG Design Group from GBX 325 ($4.10) to GBX 270 ($3.41) and set a "buy" rating for the company in a report on Thursday, September 26th.

Check Out Our Latest Stock Analysis on IGR

IG Design Group Price Performance

The company has a debt-to-equity ratio of 35.04, a quick ratio of 0.85 and a current ratio of 1.88. The company has a fifty day moving average price of GBX 129.49 and a two-hundred day moving average price of GBX 172.87. The company has a market cap of £126.25 million, a P/E ratio of 473.21 and a beta of 1.08.

IG Design Group Company Profile

(Get Free Report)

IG Design Group plc engages in the design, production, and distribution of celebrations, craft and creative play, stationery, gifting, and not for re-sale consumable products in the Americas, the United Kingdom, and internationally. It operates in two segments, the DG Americas and the DG International.

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