IG Design Group (LON:IGR) Shares Cross Above 50 Day Moving Average – Should You Sell?

IG Design Group plc (LON:IGR)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 133.90 ($1.64) and traded as high as GBX 150 ($1.84). IG Design Group shares last traded at GBX 146 ($1.79), with a volume of 173,425 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group dropped their price objective on shares of IG Design Group from GBX 325 ($3.98) to GBX 270 ($3.30) and set a “buy” rating on the stock in a research report on Thursday, September 26th.

IG Design Group Price Performance

The company has a debt-to-equity ratio of 35.04, a quick ratio of 0.85 and a current ratio of 1.88. The stock’s 50-day moving average is GBX 133.90 and its 200 day moving average is GBX 160.49. The stock has a market capitalization of £137.92 million, a PE ratio of 516.96 and a beta of 1.08.

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.