Indigo Books & Music (TSE:IDG) Stock Price Crosses Below Two Hundred Day Moving Average of $2.07

Indigo Books & Music Inc. (TSE:IDG – Get Rating)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.07 and traded as low as C$2.00. Indigo Books & Music shares last traded at C$2.00, with a volume of 1,601 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Cormark dropped their target price on Indigo Books & Music from C$5.00 to C$4.30 in a research report on Monday, February 13th.

Indigo Books & Music Stock Performance

The company has a market cap of C$54.70 million, a PE ratio of -1.83 and a beta of 1.39. The company has a quick ratio of 0.09, a current ratio of 1.10 and a debt-to-equity ratio of 2,093.16. The company has a 50-day moving average of C$1.98 and a 200-day moving average of C$2.07.

About Indigo Books & Music

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Indigo Books & Music Inc, together with its subsidiaries, operates as a book and lifestyle retailer in Canada and the United States. It also offers books, toys, gifts, baby, kids, wellness, lifestyle, living, fashion, paper, home, and electronics products. The company provides its products under the OUI STUDIO, OUI Design, Auria, LOVE & LORE, NÓTA, Wonder Co, Mini Maison, and The Littlest brands.