IG Group (LON:IGG) Shares Cross Above Two Hundred Day Moving Average - Should You Sell?

IG Group Holdings plc (LON:IGG - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 traded.

Analysts Set New Price Targets

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

IG Group Stock Up 0.1 %

The company has a current ratio of 2.47, a quick ratio of 2.40 and a debt-to-equity ratio of 17.04. The business has a fifty day simple moving average of GBX 975.16 and a two-hundred day simple moving average of GBX 958.11. The company has a market cap of £3.38 billion, a PE ratio of 6.36, a price-to-earnings-growth ratio of -1.44 and a beta of 0.55.

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

IG Group Cuts Dividend

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

Insider Activity

In other news, insider Clifford Abrahams acquired 5,000 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was purchased at an average price of GBX 1,013 ($13.11) per share, with a total value of £50,650 ($65,557.86). Company insiders own 4.44% of the company's stock.

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.