IG Group (LON:IGG) Stock Passes Above 200 Day Moving Average – What’s Next?

IG Group Holdings plc (LON:IGG) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 962.11 ($12.79) and traded as high as GBX 1,033 ($13.73). IG Group shares last traded at GBX 1,031 ($13.71), with a volume of 464,219 shares.

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “buy” rating on shares of IG Group in a report on Thursday, March 13th.

IG Group Stock Performance

The stock’s fifty day moving average is GBX 956.95 and its 200-day moving average is GBX 962.11. The company has a quick ratio of 2.40, a current ratio of 2.47 and a debt-to-equity ratio of 17.04. The stock has a market cap of £3.66 billion, a price-to-earnings ratio of 6.88, a PEG ratio of -1.44 and a beta of 0.55.

IG Group (LON:IGG) last released its quarterly earnings data on Thursday, January 23rd. The company reported GBX 55.30 ($0.74) EPS for the quarter. IG Group had a net margin of 58.42% and a return on equity of 30.53%. On average, analysts forecast that IG Group Holdings plc will post 104.0295119 EPS for the current year.

IG Group Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, February 11th. Shareholders of record on Thursday, January 30th were paid a GBX 13.86 ($0.18) dividend. This represents a yield of 1.37%. The ex-dividend date was Thursday, January 30th. IG Group’s payout ratio is currently 30.68%.

Insider Buying and Selling

In other news, insider Clifford Abrahams bought 5,000 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were purchased at an average price of GBX 1,013 ($13.47) per share, for a total transaction of £50,650 ($67,344.77). 4.44% of the stock is currently owned by company insiders.

IG Group Company Profile

IG Group (LSEG:IGG) is an innovative, global fintech company that delivers dynamic online trading platforms and a
robust educational ecosystem to power the pursuit of financial freedom for the ambitious. For nearly five decades,
the Company has evolved its technology, risk management, financial products, content, and platforms to meet the
needs of its retail and institutional clients.