IG Group (LON:IGG) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of IG Group Holdings plc (LON:IGG) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 910.13 ($11.44) and traded as high as GBX 976.50 ($12.27). IG Group shares last traded at GBX 971 ($12.20), with a volume of 2,001,195 shares changing hands.

IG Group Stock Performance

The company has a current ratio of 2.31, a quick ratio of 2.40 and a debt-to-equity ratio of 17.04. The stock has a market cap of £3.49 billion, a price-to-earnings ratio of 1,244.87, a PEG ratio of -1.44 and a beta of 0.55. The stock’s 50 day moving average is GBX 939.17 and its two-hundred day moving average is GBX 910.13.

Insider Activity

In related news, insider Breon Corcoran purchased 40,000 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was acquired at an average price of GBX 916 ($11.51) per share, for a total transaction of £366,400 ($460,475.05). Also, insider Marieke Flament purchased 5,335 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were bought at an average cost of GBX 937 ($11.78) per share, with a total value of £49,988.95 ($62,823.87). Corporate insiders own 4.44% of the company’s stock.

IG Group Company Profile

IG Group Holdings plc, a fintech company, engages in the online trading business worldwide. The company offers over the counter (OTC) derivatives, which include CFD (Contracts For Difference) that enable traders to take advantage of changes in an asset's price without owning the asset itself, as well as access to a range of risk-mitigation measures, including stops and limits, and negative-balance protection; and OTC FX and options, and spread bets, under IG and IG Prime brands.