Shares of IG Design Group plc (LON:IGR - Get Free Report) traded down 59.1% during trading on Friday . The company traded as low as GBX 58 ($0.71) and last traded at GBX 58.30 ($0.71). 4,509,529 shares traded hands during mid-day trading, an increase of 716% from the average session volume of 552,471 shares. The stock had previously closed at GBX 142.50 ($1.73).
Analyst Ratings Changes
Separately, Canaccord Genuity Group reduced their target price on IG Design Group from GBX 325 ($3.95) to GBX 270 ($3.28) and set a "buy" rating for the company in a research note on Thursday, September 26th.
Check Out Our Latest Stock Analysis on IG Design Group
IG Design Group Trading Down 58.2 %
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 stock has a market capitalization of £56.79 million, a P/E ratio of 212.86 and a beta of 1.08. The firm's fifty day simple moving average is GBX 132.46 and its 200 day simple moving average is GBX 158.92.
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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