IG Group (LON:IGG) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

IG Group Holdings plc (LON:IGG)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 958.49 ($12.55) and traded as high as GBX 984 ($12.88). IG Group shares last traded at GBX 978 ($12.80), with a volume of 920,182 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “buy” rating on shares of IG Group in a report on Thursday, March 13th.

IG Group Stock Performance

The company has a debt-to-equity ratio of 17.04, a current ratio of 2.47 and a quick ratio of 2.40. The company has a market cap of £3.49 billion, a price-to-earnings ratio of 6.57, a PEG ratio of -1.44 and a beta of 0.55. The firm has a 50 day simple moving average of GBX 956.05 and a 200-day simple moving average of GBX 958.99.

IG Group (LON:IGG) last announced its earnings results on Thursday, January 23rd. The company reported GBX 55.30 ($0.72) earnings per share for the quarter. IG Group had a net margin of 58.42% and a return on equity of 30.53%. As a group, analysts predict that IG Group Holdings plc will post 104.0295119 EPS for the current fiscal year.

IG Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, February 11th. Investors of record on Thursday, January 30th were given a dividend of GBX 13.86 ($0.18) per share. The ex-dividend date was Thursday, January 30th. This represents a dividend yield of 1.37%. IG Group’s payout ratio is currently 30.68%.

Insider Buying and Selling at IG Group

In other IG Group news, insider Clifford Abrahams purchased 5,000 shares of IG Group stock in a transaction dated Monday, February 3rd. The shares were acquired at an average price of GBX 1,013 ($13.26) per share, with a total value of £50,650 ($66,295.81). 4.44% of the stock is owned by corporate insiders.

IG Group Company Profile

IG Group (LSEG:IGG) is an innovative, global fintech company that delivers dynamic online trading platforms and a
robust educational ecosystem to power the pursuit of financial freedom for the ambitious. For nearly five decades,
the Company has evolved its technology, risk management, financial products, content, and platforms to meet the
needs of its retail and institutional clients.