IG Group (LON:IGG) Shares Pass Above 200-Day Moving Average - Should You Sell?

Key Points

• Technical breakout: IG Group's shares recently passed above their 200-day moving average (GBX 1,291.64), trading as high as GBX 1,540.50 and last at GBX 1,525.50, though the stock was down about 2.3% on the session.
• Strong profitability and valuation metrics: last quarterly EPS was GBX 196.66 with a net margin of 35.26% and ROE of 20.91%, a P/E of 14.17, and analysts expect roughly GBX 104 EPS for the current year.
• The Board has authorized an open-market stock buyback (a signal management may view the shares as undervalued), and IG is a FTSE 100 fintech serving over 1.3 million customers through brands such as IG, tastytrade, Freetrade and Independent Reserve.

IG Group Holdings plc (LON:IGG - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,291.64 and traded as high as GBX 1,540.50. IG Group shares last traded at GBX 1,525.50, with a volume of 431,543 shares traded.

IG Group Trading Down 2.3%

The company has a current ratio of 3.43, a quick ratio of 2.40 and a debt-to-equity ratio of 30.81. The business has a 50 day simple moving average of GBX 1,421.76 and a two-hundred day simple moving average of GBX 1,291.64. The stock has a market cap of £4.94 billion, a price-to-earnings ratio of 14.17, a price-to-earnings-growth ratio of -1.44 and a beta of 0.48.

IG Group (LON:IGG - Get Free Report) last issued its quarterly earnings results on Thursday, March 19th. The company reported GBX 196.66 earnings per share (EPS) for the quarter. IG Group had a net margin of 35.26% and a return on equity of 20.91%. As a group, equities analysts anticipate that IG Group Holdings plc will post 104.0295119 EPS for the current year.

IG Group announced that its Board of Directors has initiated a stock buyback plan on Wednesday, April 1st that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

IG Group Company Profile

IG Group Holdings plc ("IG") is a FTSE 100 financial technology company operating at the intersection of retail trading, technology and capital markets. Through its trusted brands - IG, tastytrade, Freetrade and Independent Reserve - the Group serves over 1.3 million customers worldwide, providing leveraged trading, stock trading and investments, and cryptocurrency trading via its proprietary platforms. For more information, visit www.iggroup.com.

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