IG Group (LON:IGG) Shares Cross Above 200 Day Moving Average – Here’s What Happened

IG Group Holdings plc (LON:IGG) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,318.28 and traded as high as GBX 1,533. IG Group shares last traded at GBX 1,513, with a volume of 1,224,960 shares changing hands.

IG Group Stock Performance

The company has a market cap of £5.07 billion, a P/E ratio of 14.59, a price-to-earnings-growth ratio of -1.44 and a beta of 0.49. The company’s 50-day moving average is GBX 1,462.01 and its two-hundred day moving average is GBX 1,322.76. The company has a quick ratio of 2.40, a current ratio of 3.43 and a debt-to-equity ratio of 30.81.

IG Group (LON:IGG) last posted its quarterly earnings results on Thursday, March 19th. The company reported GBX 196.66 earnings per share for the quarter. IG Group had a return on equity of 20.91% and a net margin of 35.26%. Equities analysts predict that IG Group Holdings plc will post 104.0295119 EPS for the current year.

IG Group declared that its Board of Directors has approved a stock repurchase program on Wednesday, April 1st that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

IG Group Company Profile

IG Group Holdings plc (“IG”) is a FTSE 100 financial technology company operating at the intersection of retail trading, technology and capital markets. Through its trusted brands – IG, tastytrade, Freetrade and Independent Reserve – the Group serves over 1.3 million customers worldwide, providing leveraged trading, stock trading and investments, and cryptocurrency trading via its proprietary platforms. For more information, visit www.iggroup.com.