IG Design Group (LON:IGR) Shares Down 60% - Time to Sell?

IG Design Group plc (LON:IGR - Get Free Report)'s share price dropped 60% during trading on Friday . The company traded as low as GBX 55 ($0.67) and last traded at GBX 57 ($0.70). Approximately 1,397,715 shares were traded during mid-day trading, an increase of 377% from the average daily volume of 293,153 shares. The stock had previously closed at GBX 142.50 ($1.74).

Analyst Upgrades and Downgrades

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

IG Design Group Trading Down 58.2 %

The company has a debt-to-equity ratio of 35.04, a current ratio of 1.88 and a quick ratio of 0.85. The business has a 50-day moving average of GBX 133.97 and a 200-day moving average of GBX 159.96. The firm has a market cap of £56.79 million, a price-to-earnings ratio of 212.86 and a beta of 1.08.

IG Design Group Company Profile

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.