IG Group (LON:IGG) Hits New 1-Year High – Should You Buy?

Shares of IG Group Holdings plc (LON:IGG) hit a new 52-week high during trading on Monday . The company traded as high as GBX 999 ($12.46) and last traded at GBX 998 ($12.45), with a volume of 2637356 shares trading hands. The stock had previously closed at GBX 997 ($12.44).

IG Group Stock Down 1.0 %

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 £3.56 billion, a price-to-earnings ratio of 1,269.23, a price-to-earnings-growth ratio of -1.44 and a beta of 0.55. The stock has a 50 day moving average price of GBX 953.23 and a 200 day moving average price of GBX 927.38.

Insiders Place Their Bets

In other IG Group news, insider Marieke Flament acquired 5,335 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were acquired at an average price of GBX 937 ($11.69) per share, with a total value of £49,988.95 ($62,361.46). 4.44% of the stock is currently owned by corporate insiders.

About IG Group

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.