IG Design Group (LON:IGR) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Shares of IG Design Group plc (LON:IGR) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 104.98 ($1.34) and traded as low as GBX 50.60 ($0.64). IG Design Group shares last traded at GBX 51 ($0.65), with a volume of 48,220 shares trading hands.

IG Design Group Price Performance

The company has a fifty day simple moving average of GBX 58.38 and a 200-day simple moving average of GBX 104.98. The company has a market cap of £51.62 million, a P/E ratio of 1.78 and a beta of 1.08. The company has a debt-to-equity ratio of 35.81, a current ratio of 1.88 and a quick ratio of 0.85.

IG Design Group Company Profile

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.