IG Design Group (LON:IGR) Shares Down 58.6% – Should You Sell?

IG Design Group plc (LON:IGR)’s stock price traded down 58.6% on Friday . The stock traded as low as GBX 57 ($0.69) and last traded at GBX 59 ($0.72). 5,778,589 shares were traded during trading, an increase of 778% from the average session volume of 658,226 shares. The stock had previously closed at GBX 142.50 ($1.73).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group dropped their price objective on IG Design Group from GBX 325 ($3.95) to GBX 270 ($3.29) and set a “buy” rating for the company in a report on Thursday, September 26th.

IG Design Group Price Performance

The company has a debt-to-equity ratio of 35.04, a quick ratio of 0.85 and a current ratio of 1.88. The company has a 50-day moving average of GBX 132.46 and a 200-day moving average of GBX 159.27. The firm has a market capitalization of £56.79 million, a price-to-earnings ratio of 212.86 and a beta of 1.08.

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.