IG Design Group (LON:IGR) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

IG Design Group plc (LON:IGR)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 94.68 ($1.27) and traded as low as GBX 48 ($0.64). IG Design Group shares last traded at GBX 49.60 ($0.67), with a volume of 42,415 shares traded.

IG Design Group Stock Up 6.9 %

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 firm has a market capitalization of £52.01 million, a P/E ratio of 1.80 and a beta of 1.08. The stock’s 50-day simple moving average is GBX 55.04 and its 200-day simple moving average is GBX 94.15.

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.