IG Group (LON:IGG) Sets New 1-Year High – Should You Buy?

IG Group Holdings plc (LON:IGG)’s share price hit a new 52-week high on Monday . The company traded as high as GBX 999 ($12.41) and last traded at GBX 998 ($12.40), with a volume of 2637356 shares. The stock had previously closed at GBX 997 ($12.39).

IG Group Stock Up 0.2 %

The company has a market capitalization of £3.59 billion, a price-to-earnings ratio of 1,280.77, a P/E/G ratio of -1.44 and a beta of 0.55. The company has a quick ratio of 2.40, a current ratio of 2.31 and a debt-to-equity ratio of 17.04. The firm has a 50 day moving average price of GBX 949.71 and a two-hundred day moving average price of GBX 924.02.

Insider Transactions at IG Group

In other news, insider Marieke Flament bought 5,335 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was bought at an average price of GBX 937 ($11.64) per share, for a total transaction of £49,988.95 ($62,121.23). Insiders own 4.44% of the company’s stock.

About IG Group

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.