IG Design Group (LON:IGR) Trading Down 12% – Here’s What Happened

IG Design Group plc (LON:IGR) shares fell 12% during trading on Tuesday . The stock traded as low as GBX 106.42 ($1.35) and last traded at GBX 110 ($1.39). 616,635 shares were traded during mid-day trading, an increase of 202% from the average session volume of 204,161 shares. The stock had previously closed at GBX 125 ($1.58).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group cut their price objective on IG Design Group from GBX 325 ($4.12) to GBX 270 ($3.42) and set a “buy” rating for the company in a research report on Thursday, September 26th.

IG Design Group Stock Performance

The stock has a market cap of £105.33 million, a price-to-earnings ratio of 403.57 and a beta of 1.08. The firm has a fifty day simple moving average of GBX 133.55 and a 200 day simple moving average of GBX 178.74. The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 35.04.

About IG Design Group

IG Design Group plc engages in the design, production, and distribution of celebrations, craft and creative play, stationery, gifting, and not for re-sale consumable products in the Americas, the United Kingdom, and internationally. It operates in two segments, the DG Americas and the DG International.