IG Design Group (LON:IGR) Trading Up 11.5% - Here's What Happened

IG Design Group plc (LON:IGR - Get Free Report) shares were up 11.5% during mid-day trading on Tuesday . The stock traded as high as GBX 142.22 ($1.84) and last traded at GBX 141 ($1.83). Approximately 294,037 shares were traded during trading, an increase of 44% from the average daily volume of 203,929 shares. The stock had previously closed at GBX 126.50 ($1.64).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reduced their price objective on shares of IG Design Group from GBX 325 ($4.21) to GBX 270 ($3.50) and set a "buy" rating on the stock in a research note on Thursday, September 26th.

IG Design Group Stock Up 9.9 %

The company has a quick ratio of 0.85, a current ratio of 1.88 and a debt-to-equity ratio of 35.04. The firm has a market cap of £132.44 million, a PE ratio of 498.61 and a beta of 1.08. The firm's 50 day moving average is GBX 157.51 and its 200-day moving average is GBX 180.03.

IG Design Group Company Profile

IG Design Group plc engages in the design, production, and distribution of celebrations, craft and creative play, stationery, gifting, and not for re-sale consumable products in the Americas, the United Kingdom, and internationally. It operates in two segments, the DG Americas and the DG International.