IG Design Group (LON:IGR) Trading Down 12% – Time to Sell?

IG Design Group plc (LON:IGR)’s share price was down 12% during mid-day trading on Tuesday . The company traded as low as GBX 106.42 ($1.34) and last traded at GBX 110 ($1.38). Approximately 616,635 shares changed hands during mid-day trading, an increase of 202% from the average daily volume of 204,161 shares. The stock had previously closed at GBX 125 ($1.57).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group decreased their target price on shares of IG Design Group from GBX 325 ($4.08) to GBX 270 ($3.39) and set a “buy” rating for the company in a research report on Thursday, September 26th.

IG Design Group Trading Down 12.0 %

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 stock has a market cap of £104.81 million, a PE ratio of 389.82 and a beta of 1.08. The stock has a 50-day moving average of GBX 136.13 and a 200 day moving average of GBX 179.69.

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.