IG Group (LON:IGG) Releases Quarterly Earnings Results

IG Group (LON:IGG) issued its quarterly earnings results on Thursday. The company reported GBX 55.30 ($0.68) earnings per share for the quarter, Digital Look Earnings reports. IG Group had a return on equity of 15.76% and a net margin of 32.24%.

IG Group Stock Performance

Shares of LON:IGG traded up GBX 17 ($0.21) during midday trading on Friday, hitting GBX 1,023 ($12.64). The company’s stock had a trading volume of 2,974,271 shares, compared to its average volume of 1,347,001. IG Group has a fifty-two week low of GBX 671 ($8.29) and a fifty-two week high of GBX 1,106 ($13.66). The stock has a market capitalization of £3.67 billion, a price-to-earnings ratio of 1,311.54, a PEG ratio of -1.44 and a beta of 0.55. The stock’s 50 day simple moving average is GBX 978.67 and its 200 day simple moving average is GBX 941.89. The company has a debt-to-equity ratio of 17.04, a quick ratio of 2.40 and a current ratio of 2.31.

Insider Buying and Selling

In other news, insider Marieke Flament purchased 5,335 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was bought at an average price of GBX 937 ($11.57) per share, with a total value of £49,988.95 ($61,745.24). 4.44% of the stock is owned by company insiders.

Analyst Ratings Changes

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

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.