IG Group (LON:IGG) Share Price Crosses Above 200 Day Moving Average – What’s Next?

IG Group Holdings plc (LON:IGG)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 959.40 ($12.07) and traded as high as GBX 960.50 ($12.09). IG Group shares last traded at GBX 957.50 ($12.05), with a volume of 997,033 shares.

Analyst Ratings Changes

Separately, Shore Capital reissued a “buy” rating on shares of IG Group in a report on Thursday, January 16th.

IG Group Price Performance

The company has a fifty day simple moving average of GBX 999.26 and a two-hundred day simple moving average of GBX 959.40. The stock has a market capitalization of £3.39 billion, a price-to-earnings ratio of 6.37, a PEG ratio of -1.44 and a beta of 0.55. The company has a debt-to-equity ratio of 17.04, a quick ratio of 2.40 and a current ratio of 2.47.

IG Group (LON:IGG) last posted its quarterly earnings results on Thursday, January 23rd. The company reported GBX 55.30 ($0.70) EPS for the quarter. IG Group had a return on equity of 30.53% and a net margin of 58.42%. As a group, equities research analysts expect that IG Group Holdings plc will post 104.0295119 earnings per share for the current fiscal year.

IG Group Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, February 11th. Investors of record on Thursday, January 30th were given a dividend of GBX 13.86 ($0.17) per share. The ex-dividend date was Thursday, January 30th. This represents a dividend yield of 1.37%. IG Group’s dividend payout ratio is 30.68%.

Insider Buying and Selling at IG Group

In related news, insider Marieke Flament acquired 5,335 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was acquired at an average cost of GBX 937 ($11.79) per share, for a total transaction of £49,988.95 ($62,902.92). Also, insider Clifford Abrahams bought 5,000 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was bought at an average price of GBX 1,013 ($12.75) per share, for a total transaction of £50,650 ($63,734.74). Company insiders own 4.44% of the company’s stock.

IG Group Company Profile

IG Group?(LSEG:IGG) is an innovative, global fintech company that delivers dynamic online trading platforms and a
robust educational ecosystem to?power the pursuit of financial freedom for the ambitious. For nearly five decades,
the Company has evolved its technology, risk management, financial products, content, and platforms to meet the
needs of its retail and institutional clients.