IG Design Group (LON:IGR) Trading Down 60% – What’s Next?

IG Design Group plc (LON:IGR) shares dropped 60% on Friday . The company traded as low as GBX 55 ($0.67) and last traded at GBX 57 ($0.70). Approximately 1,397,715 shares changed hands during trading, an increase of 377% from the average daily volume of 293,153 shares. The stock had previously closed at GBX 142.50 ($1.74).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reduced their price objective 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 Stock Down 60.7 %

The stock has a 50-day moving average of GBX 133.97 and a 200 day moving average of GBX 159.96. The company has a market capitalization of £53.36 million, a PE ratio of 200.00 and a beta of 1.08. The company has a quick ratio of 0.85, a current ratio of 1.88 and a debt-to-equity ratio of 35.04.

About IG Design Group

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.