IG Group (LON:IGG) Reaches New 1-Year High – What’s Next?

IG Group Holdings plc (LON:IGG)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 1,553.50 and last traded at GBX 1,531.71, with a volume of 406315 shares. The stock had previously closed at GBX 1,532.50.

IG Group Trading Down 0.1%

The firm has a fifty day simple moving average of GBX 1,428.07 and a 200-day simple moving average of GBX 1,299.27. The firm has a market cap of £5.08 billion, a P/E ratio of 14.57, a price-to-earnings-growth ratio of -1.44 and a beta of 0.48. The company has a debt-to-equity ratio of 30.81, a current ratio of 3.43 and a quick ratio of 2.40.

IG Group (LON:IGG) last announced its quarterly earnings results on Thursday, March 19th. The company reported GBX 196.66 earnings per share (EPS) for the quarter. IG Group had a return on equity of 20.91% and a net margin of 35.26%. On average, equities research analysts expect that IG Group Holdings plc will post 104.0295119 earnings per share for the current year.

IG Group declared that its Board of Directors has initiated a stock repurchase program on Wednesday, April 1st that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

IG Group Company Profile

IG Group Holdings plc (“IG”) is a FTSE 100 financial technology company operating at the intersection of retail trading, technology and capital markets. Through its trusted brands – IG, tastytrade, Freetrade and Independent Reserve – the Group serves over 1.3 million customers worldwide, providing leveraged trading, stock trading and investments, and cryptocurrency trading via its proprietary platforms. For more information, visit www.iggroup.com.