IG Group (OTCMKTS:IGGHY) Shares Down 1.7% – What’s Next?

IG Group Holdings plc (OTCMKTS:IGGHYGet Free Report)’s share price fell 1.7% during trading on Wednesday . The stock traded as low as $14.39 and last traded at $14.39. 200 shares changed hands during trading, a decline of 59% from the average session volume of 487 shares. The stock had previously closed at $14.64.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft assumed coverage on shares of IG Group in a report on Tuesday. They set a “buy” rating on the stock. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, IG Group has an average rating of “Buy”.

View Our Latest Stock Analysis on IG Group

IG Group Stock Down 1.7%

The company has a fifty day simple moving average of $14.75 and a 200 day simple moving average of $14.78.

IG Group Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, October 23rd. Investors of record on Monday, September 22nd were given a dividend of $0.4304 per share. This represents a yield of 372.0%. The ex-dividend date of this dividend was Friday, September 19th. IG Group’s dividend payout ratio is 62.58%.

IG Group Company Profile

(Get Free Report)

IG Group Holdings plc, a fintech company, engages in the online trading business worldwide. The company offers over the counter (OTC) derivatives, which include CFD (Contracts For Difference) that enable traders to take advantage of changes in an asset's price without owning the asset itself, as well as access to a range of risk-mitigation measures, including stops and limits, and negative-balance protection; and OTC FX and options, and spread bets, under IG and IG Prime brands.

Further Reading

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