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

IG Design Group plc (LON:IGR) shares traded down 60% during mid-day trading on Friday . The company traded as low as GBX 55 ($0.67) and last traded at GBX 57 ($0.69). 1,397,715 shares changed hands during mid-day trading, an increase of 377% from the average session volume of 293,153 shares. The stock had previously closed at GBX 142.50 ($1.73).

Analyst Ratings Changes

Separately, Canaccord Genuity Group decreased their target price on IG Design Group from GBX 325 ($3.95) to GBX 270 ($3.29) 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 current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 35.04. The stock has a 50-day simple moving average of GBX 132.46 and a 200 day simple moving average of GBX 159.27. The stock has a market capitalization of £56.79 million, a price-to-earnings ratio of 212.86 and a beta of 1.08.

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.