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

IG Design Group logo with Consumer Cyclical background
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Shares of IG Design Group plc (LON:IGR - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 115.44 ($1.49) and traded as low as GBX 56 ($0.72). IG Design Group shares last traded at GBX 56 ($0.72), with a volume of 304,213 shares trading hands.

IG Design Group Stock Up 0.9 %

The firm's 50-day simple moving average is GBX 66.65 and its 200 day simple moving average is GBX 114.46. The company has a debt-to-equity ratio of 35.81, a quick ratio of 0.85 and a current ratio of 1.88. The stock has a market capitalization of £55.45 million, a P/E ratio of 1.92 and a beta of 1.08.

About IG Design Group

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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.

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