IG Design Group (LON:IGR) Stock Price Down 59.3% – Should You Sell?

IG Design Group plc (LON:IGR)’s stock price fell 59.3% during trading on Friday . The stock traded as low as GBX 55 ($0.67) and last traded at GBX 58 ($0.71). 3,452,743 shares changed hands during trading, an increase of 643% from the average session volume of 464,405 shares. The stock had previously closed at GBX 142.50 ($1.74).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reduced 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 report on Thursday, September 26th.

IG Design Group Trading Down 59.3 %

The company has a quick ratio of 0.85, a current ratio of 1.88 and a debt-to-equity ratio of 35.04. The firm has a market capitalization of £55.26 million, a price-to-earnings ratio of 207.14 and a beta of 1.08. The business has a 50-day moving average of GBX 133.97 and a two-hundred day moving average of GBX 159.96.

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.