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

Shares of IG Design Group plc (LON:IGR) traded down 10.2% during mid-day trading on Tuesday . The company traded as low as GBX 79 and last traded at GBX 79. Approximately 2,567,846 shares were traded 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.

Analyst Ratings Changes

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

IG Design Group Price Performance

The company has a debt-to-equity ratio of 34.19, a current ratio of 2.39 and a quick ratio of 0.85. The stock has a market cap of £72.91 million, a P/E ratio of -0.29 and a beta of 0.75. The company’s 50 day simple moving average is GBX 70.38 and its 200 day simple moving average is GBX 58.75.

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

Insider Buying and Selling at IG Design Group

In other IG Design Group news, insider Clare Askem bought 21,276 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was purchased at an average cost of GBX 94 per share, with a total value of £19,999.44. Also, insider Rohan Cummings bought 43,741 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was acquired at an average cost of GBX 91 per share, with a total value of £39,804.31. Insiders have acquired a total of 16,766,294 shares of company stock worth $1,475,518,662 in the last three months. 3.75% of the stock is owned by insiders.

IG Design Group Company Profile

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.