IG Design Group (LON:IGR) Share Price Passes Below 200-Day Moving Average – Should You Sell?

IG Design Group plc (LON:IGR) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 179.78 ($2.33) and traded as low as GBX 125 ($1.62). IG Design Group shares last traded at GBX 126 ($1.64), with a volume of 84,341 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reduced their price objective on shares of IG Design Group from GBX 325 ($4.22) to GBX 270 ($3.51) and set a “buy” rating on the stock in a report on Thursday, September 26th.

IG Design Group Price Performance

The company has a market capitalization of £121.01 million, a PE ratio of 441.43 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 stock has a fifty day simple moving average of GBX 161.31 and a 200-day simple moving average of GBX 179.40.

About IG Design Group

IG Design Group plc engages in the design, production, and distribution of celebrations, craft and creative play, stationery, gifting, and not for re-sale consumable products in the Americas, the United Kingdom, and internationally. It operates in two segments, the DG Americas and the DG International.