IG Group (LON:IGG) Reaches New 52-Week High - Here's Why

IG Group Holdings plc (LON:IGG - Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as GBX 995.50 ($12.46) and last traded at GBX 993.90 ($12.44), with a volume of 76320 shares changing hands. The stock had previously closed at GBX 987.50 ($12.36).

IG Group Price Performance

The company has a market cap of £3.56 billion, a price-to-earnings ratio of 1,269.87, a PEG ratio of -1.44 and a beta of 0.55. The company has a 50-day simple moving average of GBX 945.73 and a 200-day simple moving average of GBX 920.93. The company has a debt-to-equity ratio of 17.04, a quick ratio of 2.40 and a current ratio of 2.31.

Insider Buying and Selling at IG Group

In other news, insider Marieke Flament purchased 5,335 shares of the firm's stock in a transaction dated Tuesday, November 26th. The shares were acquired at an average price of GBX 937 ($11.73) per share, with a total value of £49,988.95 ($62,556.56). 4.44% of the stock is owned by corporate insiders.

About IG Group

IG Group Holdings plc, a fintech company, engages in the online trading business worldwide. The company offers over the counter (OTC) derivatives, which include CFD (Contracts For Difference) that enable traders to take advantage of changes in an asset's price without owning the asset itself, as well as access to a range of risk-mitigation measures, including stops and limits, and negative-balance protection; and OTC FX and options, and spread bets, under IG and IG Prime brands.