IG Design Group (LON:IGR) Stock Passes Above 50-Day Moving Average – Time to Sell?

IG Design Group plc (LON:IGR) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 133.84 ($1.65) and traded as high as GBX 158 ($1.94). IG Design Group shares last traded at GBX 152 ($1.87), with a volume of 830,054 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lowered their target price on IG Design Group from GBX 325 ($4.00) to GBX 270 ($3.32) and set a “buy” rating on the stock in a research report on Thursday, September 26th.

IG Design Group Trading Down 1.3 %

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 company has a market capitalization of £138.78 million, a P/E ratio of 520.18 and a beta of 1.08. The firm’s 50-day moving average price is GBX 133.94 and its 200 day moving average price is GBX 163.35.

About IG Design Group

IG Design Group plc, the largest consumer gift packaging business in the world, is a designer, innovator and manufacturer of products that help people celebrate life’s special occasions. Design Group works with more than 11,000 customers in over 80 countries throughout the UK, Europe, Australia and the USA.

Its products are found in over 210,000 retail outlets, including several of the world’s biggest retailers, for example Walmart, Target, Amazon, Costco, Lidl and Aldi.