IG Design Group (LON:IGR) Stock Price Up 21.4% - Time to Buy?

Key Points

• Shares jumped 21.4% to GBX 68.01 (intraday high GBX 68.70) on Thursday on heavy trading of ~1.12 million shares, about 248% above the average daily volume.
• The company has a small market cap (£64.81m) and a negative P/E (-0.26), with mixed liquidity (current ratio 2.39, quick ratio 0.85) and a debt-to-equity of 34.19.
• IG Design Group is the world’s largest consumer gift packaging business, serving over 11,000 customers and placing products in more than 210,000 retail outlets including Walmart, Target, Amazon, Costco, Lidl and Aldi.

IG Design Group plc (LON:IGR - ) rose 21.4% during trading on Thursday . The stock traded as high as GBX 68.70 and last traded at GBX 68.01. Approximately 1,118,416 shares traded hands during mid-day trading, an increase of 248% from the average daily volume of 321,574 shares. The stock had previously closed at GBX 56.

IG Design Group Price Performance

The stock has a market cap of £64.81 million, a P/E ratio of -0.26 and a beta of 0.54. The company has a 50 day simple moving average of GBX 56.35 and a 200 day simple moving average of GBX 52.56. The company has a current ratio of 2.39, a quick ratio of 0.85 and a debt-to-equity ratio of 34.19.

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. Its five major product categories are: Celebrations, Craft, Stationery and Creative Play, Gifting, and Not-for-resale consumables.

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