IG Design Group (LON:IGR) Stock Price Crosses Below 200-Day Moving Average - Time to Sell?

IG Design Group plc (LON:IGR - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 88.80 ($1.19) and traded as low as GBX 62.03 ($0.83). IG Design Group shares last traded at GBX 62.70 ($0.84), with a volume of 85,357 shares trading hands.

Wall Street Analysts Forecast Growth

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

IG Design Group Trading Down 4.7%

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 firm has a market capitalization of £59.86 million, a P/E ratio of 2.07 and a beta of 1.08. The firm has a 50-day moving average of GBX 55.36 and a 200-day moving average of GBX 86.89.

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.