IG Group (LON:IGG) Hits New 12-Month Low – What’s Next?

IG Group Holdings plc (LON:IGG)’s stock price reached a new 52-week low on Monday . The company traded as low as GBX 95.50 ($1.19) and last traded at GBX 1,005 ($12.51), with a volume of 522340 shares. The stock had previously closed at GBX 1,007.56 ($12.55).

Analyst Ratings Changes

Separately, Shore Capital reissued a “buy” rating on shares of IG Group in a research note on Thursday, January 16th.

IG Group Stock Performance

The company’s 50-day moving average is GBX 998.97 and its two-hundred day moving average is GBX 958.11. The company has a current ratio of 2.31, a quick ratio of 2.40 and a debt-to-equity ratio of 17.04. The stock has a market capitalization of £3.54 billion, a P/E ratio of 1,264.87, a P/E/G ratio of -1.44 and a beta of 0.55.

IG Group (LON:IGG) last issued its quarterly earnings results on Thursday, January 23rd. The company reported GBX 55.30 ($0.69) earnings per share for the quarter. IG Group had a net margin of 32.24% and a return on equity of 15.76%. As a group, sell-side analysts anticipate that IG Group Holdings plc will post 104.0295119 EPS for the current fiscal year.

IG Group Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, February 11th. Shareholders of record on Thursday, January 30th were paid a dividend of GBX 13.86 ($0.17) per share. This represents a yield of 1.37%. The ex-dividend date of this dividend was Thursday, January 30th. IG Group’s dividend payout ratio (DPR) is currently 5,897.44%.

Insider Activity at IG Group

In other news, insider Clifford Abrahams acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were purchased at an average price of GBX 1,013 ($12.61) per share, for a total transaction of £50,650 ($63,068.11). Also, insider Marieke Flament purchased 5,335 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were acquired at an average price of GBX 937 ($11.67) per share, for a total transaction of £49,988.95 ($62,244.99). 4.44% of the stock is owned by insiders.

IG Group Company Profile

IG Group (LSEG:IGG) is an innovative, global fintech company that delivers dynamic online trading platforms and a
robust educational ecosystem to power the pursuit of financial freedom for the ambitious. For nearly five decades,
the Company has evolved its technology, risk management, financial products, content, and platforms to meet the
needs of its retail and institutional clients.