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IG Group (LON:IGG) Stock Passes Above 200-Day Moving Average - Here's What Happened

IG Group logo with Financial Services background

Shares of IG Group Holdings plc (LON:IGG - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 968.20 ($12.85) and traded as high as GBX 1,072 ($14.23). IG Group shares last traded at GBX 1,063 ($14.11), with a volume of 738,872 shares.

Analyst Ratings Changes

Separately, Shore Capital restated a "buy" rating on shares of IG Group in a research report on Thursday, March 13th.

View Our Latest Report on IGG

IG Group Stock Performance

The firm's 50-day moving average price is GBX 975.66 and its 200-day moving average price is GBX 971.53. The company has a debt-to-equity ratio of 17.04, a current ratio of 2.47 and a quick ratio of 2.40. The stock has a market cap of £3.81 billion, a P/E ratio of 7.17, a PEG ratio of -1.44 and a beta of 0.55.

Insider Buying and Selling at IG Group

In other news, insider Clifford Abrahams acquired 5,000 shares of IG Group stock in a transaction on Monday, February 3rd. The shares were acquired at an average price of GBX 1,013 ($13.45) per share, with a total value of £50,650 ($67,228.56). 4.44% of the stock is currently owned by insiders.

IG Group Company Profile

(Get Free Report)

IG Group LSEG: IGG is an innovative, global fintech company that delivers dynamic online trading platforms and a robust educational ecosystem to power the pursuit of financial freedom for the ambitious. For nearly five decades, the Company has evolved its technology, risk management, financial products, content, and platforms to meet the needs of its retail and institutional clients.

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