IG Design Group (LON:IGR) Share Price Passes Below 200-Day Moving Average - Here's What Happened

IG Design Group plc (LON:IGR - Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 91.22 ($1.21) and traded as low as GBX 57.05 ($0.76). IG Design Group shares last traded at GBX 58.20 ($0.77), with a volume of 269,170 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated an "under review" rating on shares of IG Design Group in a research note on Wednesday, April 30th.

IG Design Group Price Performance

The company's 50-day moving average price is GBX 54.84 and its 200 day moving average price is GBX 90.55. The company has a debt-to-equity ratio of 35.81, a quick ratio of 0.85 and a current ratio of 1.88. The stock has a market cap of £59.37 million, a PE ratio of 2.05 and a beta of 1.08.

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.