IG Design Group (LON:IGR) Shares Down 53.7% – What’s Next?

IG Design Group plc (LON:IGR) shares fell 53.7% during mid-day trading on Friday . The company traded as low as GBX 60.25 ($0.73) and last traded at GBX 66 ($0.80). 258,664 shares changed hands during mid-day trading, an increase of 30% from the average session volume of 198,232 shares. The stock had previously closed at GBX 142.50 ($1.73).

Analyst Ratings Changes

Separately, Canaccord Genuity Group lowered their target price on shares of 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 Stock Performance

The firm has a market cap of £56.79 million, a PE ratio of 212.86 and a beta of 1.08. The business has a 50 day simple moving average of GBX 132.46 and a two-hundred day simple moving average of GBX 159.27. The company has a quick ratio of 0.85, a current ratio of 1.88 and a debt-to-equity ratio of 35.04.

IG Design Group Company Profile

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.