IG Group (LON:IGG) Share Price Passes Above 200 Day Moving Average – What’s Next?

IG Group Holdings plc (LON:IGG)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 902.56 ($11.39) and traded as high as GBX 970 ($12.24). IG Group shares last traded at GBX 966.50 ($12.20), with a volume of 372,409 shares trading hands.

IG Group Price Performance

The business has a 50-day moving average price of GBX 933.47 and a two-hundred day moving average price of GBX 904.18. The company has a quick ratio of 2.40, a current ratio of 2.31 and a debt-to-equity ratio of 17.04. The company has a market capitalization of £3.48 billion, a price-to-earnings ratio of 1,240.38, a price-to-earnings-growth ratio of -1.44 and a beta of 0.55.

Insider Buying and Selling at IG Group

In related news, insider Breon Corcoran purchased 40,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was acquired at an average cost of GBX 916 ($11.56) per share, with a total value of £366,400 ($462,451.09). Also, insider Marieke Flament acquired 5,335 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were purchased at an average cost of GBX 937 ($11.83) per share, for a total transaction of £49,988.95 ($63,093.46). Insiders own 4.44% of the company’s stock.

About IG Group

IG Group Holdings plc, a fintech company, engages in the online trading business worldwide. The company offers over the counter (OTC) derivatives, which include CFD (Contracts For Difference) that enable traders to take advantage of changes in an asset's price without owning the asset itself, as well as access to a range of risk-mitigation measures, including stops and limits, and negative-balance protection; and OTC FX and options, and spread bets, under IG and IG Prime brands.