IG Design Group (LON:IGR) Shares Cross Above Fifty Day Moving Average of $119.70

IG Design Group plc (LON:IGR)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 119.70 ($1.48) and traded as high as GBX 121.90 ($1.51). IG Design Group shares last traded at GBX 120 ($1.48), with a volume of 257,434 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 275 ($3.40) price objective on shares of IG Design Group in a report on Monday, April 8th.

IG Design Group Stock Performance

The stock has a market cap of £117.94 million, a P/E ratio of -545.45 and a beta of 1.17. The company has a current ratio of 1.64, a quick ratio of 0.85 and a debt-to-equity ratio of 44.29. The stock has a 50 day simple moving average of GBX 119.70 and a 200 day simple moving average of GBX 132.86.

IG Design Group Company Profile

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.