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IG Group (LON:IGG) Share Price Crosses Above 200-Day Moving Average - Here's What Happened

IG Group logo with Financial Services background

IG Group Holdings plc (LON:IGG - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 910.13 ($11.44) and traded as high as GBX 976.50 ($12.27). IG Group shares last traded at GBX 971 ($12.20), with a volume of 2,001,195 shares traded.

IG Group Trading Up 0.4 %

The stock has a market cap of £3.49 billion, a price-to-earnings ratio of 1,244.87, a P/E/G ratio of -1.44 and a beta of 0.55. The business's 50 day moving average is GBX 939.17 and its 200 day moving average is GBX 910.78. The company has a debt-to-equity ratio of 17.04, a current ratio of 2.31 and a quick ratio of 2.40.

Insiders Place Their Bets

In related news, insider Breon Corcoran bought 40,000 shares of the company's stock in a transaction that occurred on Monday, September 23rd. The shares were purchased at an average cost of GBX 916 ($11.51) per share, with a total value of £366,400 ($460,475.05). Also, insider Marieke Flament purchased 5,335 shares of the business's stock in a transaction that occurred on Tuesday, November 26th. The shares were bought at an average price of GBX 937 ($11.78) per share, for a total transaction of £49,988.95 ($62,823.87). 4.44% of the stock is owned by company insiders.

IG Group Company Profile

(Get Free Report)

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.

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