IG Design Group (LON:IGR) Trading Down 59.1% – Time to Sell?

IG Design Group plc (LON:IGR)’s stock price traded down 59.1% on Friday . The company traded as low as GBX 58 ($0.71) and last traded at GBX 58.30 ($0.71). 4,509,529 shares were traded during trading, an increase of 716% from the average session volume of 552,471 shares. The stock had previously closed at GBX 142.50 ($1.73).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group decreased 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 report on Thursday, September 26th.

IG Design Group Price Performance

The firm 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 current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 35.04. The business has a 50-day moving average price of GBX 132.46 and a two-hundred day moving average price 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.