IG Design Group (LON:IGR) Stock Price Down 57.4% – Time to Sell?

IG Design Group plc (LON:IGR) shares were down 57.4% during mid-day trading on Friday . The stock traded as low as GBX 57 ($0.70) and last traded at GBX 60.70 ($0.74). Approximately 4,995,326 shares traded hands during mid-day trading, an increase of 742% from the average daily volume of 592,954 shares. The stock had previously closed at GBX 142.50 ($1.74).

Analyst Upgrades and Downgrades

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

IG Design Group Stock Performance

The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 35.04. The stock has a market cap of £58.12 million, a price-to-earnings ratio of 217.86 and a beta of 1.08. The firm’s 50-day moving average is GBX 133.97 and its two-hundred day moving average is GBX 159.96.

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.