IG Group (LON:IGG) Share Price Passes Above 200 Day Moving Average – What’s Next?

IG Group Holdings plc (LON:IGG)’s share price passed 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 trading hands.

IG Group Stock Up 0.1 %

The stock has a 50 day moving average price of GBX 933.47 and a 200 day moving average price of GBX 904.18. The company has a quick ratio of 2.40, a current ratio of 2.31 and a debt-to-equity ratio of 17.04. The stock has a market capitalization of £3.48 billion, a price-to-earnings ratio of 1,240.38, a price-to-earnings-growth ratio of -1.44 and a beta of 0.55.

Insiders Place Their Bets

In related news, insider Breon Corcoran acquired 40,000 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were bought at an average cost of GBX 916 ($11.56) per share, with a total value of £366,400 ($462,451.09). Also, insider Marieke Flament purchased 5,335 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was purchased at an average price of GBX 937 ($11.83) per share, for a total transaction of £49,988.95 ($63,093.46). 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.