IG Design Group (LON:IGR) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

IG Design Group plc (LON:IGR) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 72.74 and traded as high as GBX 77.49. IG Design Group shares last traded at GBX 74.80, with a volume of 204,707 shares.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 150 price objective on shares of IG Design Group in a report on Tuesday, June 16th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, IG Design Group presently has a consensus rating of “Buy” and a consensus price target of GBX 150.

IG Design Group Price Performance

The company has a quick ratio of 0.85, a current ratio of 2.39 and a debt-to-equity ratio of 34.19. The firm’s fifty day moving average price is GBX 73.61 and its 200-day moving average price is GBX 60.09. The stock has a market cap of £71.30 million, a P/E ratio of -0.29 and a beta of 0.75.

IG Design Group (LON:IGR) last released its quarterly earnings data on Tuesday, June 16th. The company reported GBX 5.60 earnings per share (EPS) for the quarter. The firm had revenue of £217.87 million for the quarter. IG Design Group had a negative net margin of 23.57% and a negative return on equity of 56.70%. Analysts forecast that IG Design Group plc will post 16.1507402 earnings per share for the current year.

Insider Buying and Selling at IG Design Group

In other IG Design Group news, insider Stewart Gilliland purchased 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was bought at an average cost of GBX 84 per share, for a total transaction of £42,000. Also, insider John Gittins acquired 8,637 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were acquired at an average cost of GBX 91 per share, for a total transaction of £7,859.67. In the last three months, insiders have bought 16,766,294 shares of company stock valued at $1,475,518,662. Company insiders own 3.75% of the company’s stock.

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.

Its five major product categories are: Celebrations, Craft, Stationery and Creative Play, Gifting, and Not-for-resale consumables.