IG Design Group (LON:IGR) Stock Crosses Above 50-Day Moving Average - Here's Why

IG Design Group plc (LON:IGR - Get Free Report)'s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 76.19 ($1.02) and traded as high as GBX 79 ($1.06). IG Design Group shares last traded at GBX 76.50 ($1.03), with a volume of 505,695 shares traded.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated an "under review" rating on shares of IG Design Group in a research report on Monday, June 2nd.

IG Design Group Price Performance

The business has a fifty day simple moving average of GBX 77.57 and a two-hundred day simple moving average of GBX 72.38. The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 35.81. The company has a market cap of £74.09 million, a PE ratio of 2.56 and a beta of 1.08.

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.