IG Design Group (LON:IGR) Share Price Crosses Below 200-Day Moving Average – What’s Next?

IG Design Group plc (LON:IGR)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 115.44 ($1.49) and traded as low as GBX 56 ($0.72). IG Design Group shares last traded at GBX 56 ($0.72), with a volume of 304,213 shares trading hands.

IG Design Group Trading Down 2.6 %

The stock’s 50-day simple moving average is GBX 66.65 and its two-hundred day simple moving average is GBX 115.03. The company has a debt-to-equity ratio of 35.81, a current ratio of 1.88 and a quick ratio of 0.85. The firm has a market capitalization of £54.95 million, a P/E ratio of 1.90 and a beta of 1.08.

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.