IG Group (LON:IGG) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

IG Group Holdings plc (LON:IGG - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 902.56 ($11.39) and traded as high as GBX 970 ($12.24). IG Group shares last traded at GBX 966.50 ($12.20), with a volume of 372,409 shares traded.

IG Group Stock Down 0.1 %

The stock has a market cap of £3.47 billion, a P/E ratio of 1,237.18, a price-to-earnings-growth ratio of -1.44 and a beta of 0.55. The firm has a 50 day simple moving average of GBX 932.60 and a 200-day simple moving average of GBX 903.01. The company has a quick ratio of 2.40, a current ratio of 2.31 and a debt-to-equity ratio of 17.04.

Insider Buying and Selling at IG Group

In other IG Group news, insider Marieke Flament acquired 5,335 shares of the company's stock in a transaction on Tuesday, November 26th. The stock was acquired at an average price of GBX 937 ($11.83) per share, for a total transaction of £49,988.95 ($63,093.46). Also, insider Breon Corcoran bought 40,000 shares of the firm's stock in a transaction on Monday, September 23rd. The shares were acquired at an average price of GBX 916 ($11.56) per share, for a total transaction of £366,400 ($462,451.09). Insiders own 4.44% of the company's stock.

IG Group Company Profile

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.