IG Design Group (LON:IGR) Stock Price Down 58.7% – Should You Sell?

IG Design Group plc (LON:IGR) shares traded down 58.7% on Friday . The company traded as low as GBX 57 ($0.70) and last traded at GBX 58.80 ($0.72). 6,975,295 shares changed hands during mid-day trading, an increase of 820% from the average session volume of 757,951 shares. The stock had previously closed at GBX 142.50 ($1.74).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group cut their price target on 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 Stock Down 58.2 %

The business has a fifty day moving average of GBX 133.97 and a 200 day moving average of GBX 159.96. The company has a debt-to-equity ratio of 35.04, a current ratio of 1.88 and a quick ratio of 0.85. 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.