IG Design Group (LON:IGR) Stock Price Down 53.7% - What's Next?

IG Design Group plc (LON:IGR - Get Free Report)'s stock price was down 53.7% on Friday . The company traded as low as GBX 60.25 ($0.74) and last traded at GBX 66 ($0.81). Approximately 258,664 shares traded hands during trading, an increase of 30% from the average daily volume of 198,232 shares. The stock had previously closed at GBX 142.50 ($1.74).

Wall Street Analyst Weigh In

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

IG Design Group Stock Down 58.2 %

The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 35.04. The stock has a market cap of £56.79 million, a price-to-earnings ratio of 212.86 and a beta of 1.08. The firm's 50 day moving average is GBX 133.97 and its two-hundred day moving average is GBX 159.96.

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.