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

Shares of IG Group Holdings plc (LON:IGG) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 958.49 ($12.55) and traded as high as GBX 984 ($12.88). IG Group shares last traded at GBX 978 ($12.80), with a volume of 920,182 shares changing hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “buy” rating on shares of IG Group in a report on Thursday, March 13th.

IG Group Price Performance

The firm has a market capitalization of £3.49 billion, a PE ratio of 6.57, a PEG ratio of -1.44 and a beta of 0.55. The company has a quick ratio of 2.40, a current ratio of 2.47 and a debt-to-equity ratio of 17.04. The stock has a 50-day moving average price of GBX 956.05 and a 200 day moving average price of GBX 958.99.

IG Group (LON:IGG) last issued its quarterly earnings results on Thursday, January 23rd. The company reported GBX 55.30 ($0.72) EPS for the quarter. IG Group had a net margin of 58.42% and a return on equity of 30.53%. Equities analysts forecast that IG Group Holdings plc will post 104.0295119 EPS for the current fiscal year.

IG Group Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, February 11th. Investors of record on Thursday, January 30th were paid a GBX 13.86 ($0.18) dividend. This represents a yield of 1.37%. The ex-dividend date was Thursday, January 30th. IG Group’s dividend payout ratio is presently 30.68%.

Insiders Place Their Bets

In other IG Group news, insider Clifford Abrahams purchased 5,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were purchased at an average cost of GBX 1,013 ($13.26) per share, for a total transaction of £50,650 ($66,295.81). 4.44% of the stock is owned by company insiders.

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.