IG Design Group (LON:IGR) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Shares of IG Design Group plc (LON:IGR) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 146.39 ($1.82) and traded as low as GBX 58 ($0.72). IG Design Group shares last traded at GBX 58 ($0.72), with a volume of 240,107 shares trading hands.

IG Design Group Price Performance

The company has a quick ratio of 0.85, a current ratio of 1.88 and a debt-to-equity ratio of 35.04. The stock has a market capitalization of £58.12 million, a price-to-earnings ratio of 217.86 and a beta of 1.08. The business’s 50 day simple moving average is GBX 113.26 and its 200-day simple moving average is GBX 144.83.

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.