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IG Design Group (LON:IGR) Share Price Crosses Below 200-Day Moving Average - Here's Why

IG Design Group logo with Consumer Cyclical background

IG Design Group plc (LON:IGR - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 94.68 ($1.26) and traded as low as GBX 48 ($0.64). IG Design Group shares last traded at GBX 49.60 ($0.66), with a volume of 42,415 shares trading hands.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Report on IG Design Group

IG Design Group Trading Down 3.5 %

The company has a debt-to-equity ratio of 35.81, a current ratio of 1.88 and a quick ratio of 0.85. The stock's 50 day moving average is GBX 54.96 and its 200-day moving average is GBX 92.69. The company has a market capitalization of £58.23 million, a P/E ratio of 2.01 and a beta of 1.08.

About IG Design Group

(Get Free Report)

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.

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