IG Group (LON:IGG) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

IG Group Holdings plc (LON:IGG - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 958.25 ($12.40) and traded as high as GBX 962.50 ($12.46). IG Group shares last traded at GBX 961 ($12.44), with a volume of 46,366,148 shares trading hands.

Analyst Ratings Changes

Separately, Shore Capital reiterated a "buy" rating on shares of IG Group in a research note on Thursday, March 13th.

IG Group Trading Up 0.1 %

The company has a debt-to-equity ratio of 17.04, a current ratio of 2.47 and a quick ratio of 2.40. The business's 50 day simple moving average is GBX 975.16 and its 200 day simple moving average is GBX 958.19. The stock has a market cap of £3.38 billion, a P/E ratio of 6.36, a PEG ratio of -1.44 and a beta of 0.55.

IG Group (LON:IGG - Get Free Report) last posted its earnings results on Thursday, January 23rd. The company reported GBX 55.30 ($0.72) EPS for the quarter. IG Group had a return on equity of 30.53% and a net margin of 58.42%. On average, analysts expect that IG Group Holdings plc will post 104.0295119 earnings per share for the current fiscal year.

IG Group Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, February 11th. Stockholders of record on Thursday, January 30th were issued a GBX 13.86 ($0.18) dividend. This represents a dividend yield of 1.37%. The ex-dividend date of this dividend was Thursday, January 30th. IG Group's payout ratio is 30.68%.

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Insider Buying and Selling

In other IG Group news, insider Clifford Abrahams purchased 5,000 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were acquired at an average cost of GBX 1,013 ($13.11) per share, for a total transaction of £50,650 ($65,557.86). 4.44% of the stock is currently owned by corporate insiders.

IG Group Company Profile

IG Group LSEG: IGG is an innovative, global fintech company that delivers dynamic online trading platforms and a robust educational ecosystem to power the pursuit of financial freedom for the ambitious. For nearly five decades, the Company has evolved its technology, risk management, financial products, content, and platforms to meet the needs of its retail and institutional clients.