IG Design Group (LON:IGR) Stock Price Down 10.2% – Time to Sell?

IG Design Group plc (LON:IGRGet Free Report) shares were down 10.2% during trading on Tuesday . The stock traded as low as GBX 79.01 and last traded at GBX 79.01. Approximately 2,567,846 shares changed hands during mid-day trading, an increase of 489% from the average daily volume of 435,938 shares. The stock had previously closed at GBX 88.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 150 price target on shares of IG Design Group in a report on Tuesday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, IG Design Group presently has an average rating of “Buy” and an average target price of GBX 150.

Check Out Our Latest Stock Report on IGR

IG Design Group Stock Performance

The stock’s 50 day simple moving average is GBX 69.22 and its two-hundred day simple moving average is GBX 58.24. The company has a market capitalization of £75.30 million, a P/E ratio of -0.30 and a beta of 0.75. The company has a debt-to-equity ratio of 34.19, a current ratio of 2.39 and a quick ratio of 0.85.

IG Design Group (LON:IGRGet Free Report) last issued its quarterly earnings results on Tuesday, June 16th. The company reported GBX 5.60 earnings per share for the quarter. IG Design Group had a negative net margin of 23.57% and a negative return on equity of 56.70%. The business had revenue of £217.87 million during the quarter. As a group, research analysts expect that IG Design Group plc will post 16.1507402 earnings per share for the current year.

About IG Design Group

(Get Free Report)

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.

Its five major product categories are: Celebrations, Craft, Stationery and Creative Play, Gifting, and Not-for-resale consumables.

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