IG Design Group (LON:IGR) Stock Price Down 58.2% – What’s Next?

IG Design Group plc (LON:IGR) shares were down 58.2% during mid-day trading on Friday . The company traded as low as GBX 57 ($0.70) and last traded at GBX 59.60 ($0.73). Approximately 6,719,956 shares were traded during mid-day trading, an increase of 812% from the average daily volume of 736,673 shares. The stock had previously closed at GBX 142.50 ($1.74).

Analyst Ratings Changes

Separately, Canaccord Genuity Group decreased their price target on shares of IG Design Group from GBX 325 ($3.98) to GBX 270 ($3.30) and set a “buy” rating for the company in a research report on Thursday, September 26th.

IG Design Group Price Performance

The company has a market cap of £56.79 million, a P/E ratio of 212.86 and a beta of 1.08. The company’s 50-day moving average price is GBX 133.97 and its two-hundred day moving average price is GBX 159.96. The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 35.04.

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.