IG Design Group (LON:IGR) Trading Down 9.5% - Here's Why

Key Points

• IG Design Group's shares fell by 9.5% during mid-day trading, reaching GBX 68.35 ($0.91), and the trading volume was down 24% from its average.
• Analysts have placed the company's shares "under review," indicating uncertainty regarding its future performance.
• With a market cap of £63.00 million, IG Design Group has a notably low PE ratio of 2.18, suggesting potential undervaluation but also possible financial troubles.

Shares of IG Design Group plc (LON:IGR - Get Free Report) dropped 9.5% during trading on Tuesday . The stock traded as low as GBX 68.35 ($0.90) and last traded at GBX 68.35 ($0.90). Approximately 279,369 shares were traded during trading, a decline of 24% from the average daily volume of 366,858 shares. The stock had previously closed at GBX 75.50 ($1.00).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group initiated coverage on shares of IG Design Group in a research note on Tuesday. They set a "buy" rating and a GBX 120 ($1.59) price target on the stock.

IG Design Group Price Performance

The stock has a market capitalization of £61.09 million, a PE ratio of 2.11 and a beta of 1.08. The firm's 50 day simple moving average is GBX 79.30 and its 200 day simple moving average is GBX 67.49. 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.