IG Design Group (LON:IGR) Hits New 12-Month Low – Time to Sell?

IG Design Group plc (LON:IGR)’s share price reached a new 52-week low on Monday . The company traded as low as GBX 55 ($0.68) and last traded at GBX 58 ($0.72), with a volume of 2393759 shares trading hands. The stock had previously closed at GBX 59.60 ($0.73).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group cut their price objective on IG Design Group from GBX 325 ($4.01) to GBX 270 ($3.33) and set a “buy” rating for the company in a research report on Thursday, September 26th.

IG Design Group Stock Performance

The stock’s 50 day moving average price is GBX 130.90 and its 200 day moving average price is GBX 157.97. 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 firm has a market cap of £58.12 million, a PE ratio of 217.86 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.