IG Design Group (LON:IGR) Shares Down 57.9% - Should You Sell?

IG Design Group plc (LON:IGR - Get Free Report) fell 57.9% during mid-day trading on Friday . The company traded as low as GBX 57 ($0.69) and last traded at GBX 60 ($0.73). 6,660,522 shares were traded during mid-day trading, an increase of 810% from the average session volume of 731,720 shares. The stock had previously closed at GBX 142.50 ($1.73).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reduced their target price on IG Design Group from GBX 325 ($3.95) to GBX 270 ($3.29) and set a "buy" rating for the company in a report on Thursday, September 26th.

IG Design Group Stock Performance

The firm's fifty day simple moving average is GBX 132.46 and its 200 day simple moving average is GBX 159.27. The company has a market capitalization of £56.79 million, a price-to-earnings ratio of 212.86 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.

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.