IG Group (LON:IGG) Hits New 1-Year High – Here’s What Happened

IG Group Holdings plc (LON:IGG)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 1,553.50 and last traded at GBX 1,531.71, with a volume of 406315 shares trading hands. The stock had previously closed at GBX 1,532.50.

IG Group Stock Down 0.5%

The business’s fifty day moving average price is GBX 1,437.11 and its 200 day moving average price is GBX 1,305.84. The company has a quick ratio of 2.40, a current ratio of 3.43 and a debt-to-equity ratio of 30.81. The firm has a market capitalization of £5.06 billion, a PE ratio of 14.53, a PEG ratio of -1.44 and a beta of 0.49.

IG Group (LON:IGG) last announced its earnings results on Thursday, March 19th. The company reported GBX 196.66 EPS for the quarter. IG Group had a net margin of 35.26% and a return on equity of 20.91%. On average, equities research analysts forecast that IG Group Holdings plc will post 104.0295119 earnings per share for the current fiscal year.

IG Group announced that its Board of Directors has approved a share repurchase plan on Wednesday, April 1st that allows the company to repurchase 0 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

About IG Group

IG Group Holdings plc (“IG”) is a FTSE 100 financial technology company operating at the intersection of retail trading, technology and capital markets. Through its trusted brands – IG, tastytrade, Freetrade and Independent Reserve – the Group serves over 1.3 million customers worldwide, providing leveraged trading, stock trading and investments, and cryptocurrency trading via its proprietary platforms. For more information, visit www.iggroup.com.