IG Design Group (LON:IGR) Trading Down 12% – What’s Next?

Shares of IG Design Group plc (LON:IGR) were down 12% during trading on Tuesday . The stock traded as low as GBX 106.42 ($1.35) and last traded at GBX 110 ($1.39). Approximately 616,635 shares were traded during trading, an increase of 202% from the average daily volume of 204,161 shares. The stock had previously closed at GBX 125 ($1.58).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered their target price on IG Design Group from GBX 325 ($4.12) to GBX 270 ($3.42) and set a “buy” rating for the company in a research note on Thursday, September 26th.

IG Design Group Stock Performance

The stock’s 50 day simple moving average is GBX 133.55 and its two-hundred day simple moving average is GBX 178.74. The company has a market capitalization of £105.33 million, a P/E ratio of 403.57 and a beta of 1.08. The company has a debt-to-equity ratio of 35.04, a current ratio of 1.88 and a quick ratio of 0.85.

About IG Design Group

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.