IG Design Group (LON:IGR) Trading Down 59.3% – What’s Next?

IG Design Group plc (LON:IGR) dropped 59.3% on Friday . The company traded as low as GBX 55 ($0.67) and last traded at GBX 58 ($0.71). Approximately 3,452,743 shares traded hands during mid-day trading, an increase of 643% from the average daily volume of 464,405 shares. The stock had previously closed at GBX 142.50 ($1.73).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group dropped their price target 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 research report on Thursday, September 26th.

IG Design Group Price Performance

The company has a 50-day moving average of GBX 132.46 and a 200 day moving average of GBX 159.27. 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 firm has a market cap of £56.79 million, a P/E ratio of 212.86 and a beta of 1.08.

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.