IG Design Group (LON:IGR) Trading Down 58.6% – Time to Sell?

IG Design Group plc (LON:IGR) shares fell 58.6% during trading on Friday . The company traded as low as GBX 57 ($0.69) and last traded at GBX 59 ($0.72). 5,778,589 shares were traded during mid-day 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).

Analyst Upgrades and Downgrades

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 on the stock in a report on Thursday, September 26th.

IG Design Group Trading Down 58.2 %

The stock has a market capitalization of £56.79 million, a price-to-earnings ratio of 212.86 and a beta of 1.08. 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 business has a 50-day moving average of GBX 132.46 and a 200-day moving average of GBX 159.27.

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.