IG Design Group (LON:IGR) Stock Price Down 12% – Time to Sell?

IG Design Group plc (LON:IGR)’s stock price dropped 12% during mid-day trading on Tuesday . The stock traded as low as GBX 106.42 ($1.34) and last traded at GBX 110 ($1.38). Approximately 616,635 shares traded hands during mid-day trading, an increase of 202% from the average daily volume of 204,161 shares. The stock had previously closed at GBX 125 ($1.57).

Analyst Ratings Changes

Separately, Canaccord Genuity Group decreased their target price on IG Design Group from GBX 325 ($4.08) to GBX 270 ($3.39) and set a “buy” rating for the company in a research report on Thursday, September 26th.

IG Design Group Trading Down 12.0 %

The company has a quick ratio of 0.85, a current ratio of 1.88 and a debt-to-equity ratio of 35.04. The company has a market capitalization of £104.81 million, a PE ratio of 389.82 and a beta of 1.08. The stock’s 50 day moving average is GBX 136.13 and its two-hundred day moving average is GBX 179.69.

IG Design Group Company Profile

IG Design Group plc engages in the design, production, and distribution of celebrations, craft and creative play, stationery, gifting, and not for re-sale consumable products in the Americas, the United Kingdom, and internationally. It operates in two segments, the DG Americas and the DG International.