IG Design Group (LON:IGR) Stock Price Passes Below 200-Day Moving Average – What’s Next?

IG Design Group plc (LON:IGR)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 139.69 ($1.76) and traded as low as GBX 57 ($0.72). IG Design Group shares last traded at GBX 57 ($0.72), with a volume of 249,128 shares.

IG Design Group Stock Performance

The stock has a 50 day simple moving average of GBX 106.50 and a 200 day simple moving average of GBX 139.69. The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 35.81. The stock has a market cap of £55.94 million, a P/E ratio of 1.93 and a beta of 1.08.

About IG Design Group

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.