Indigo Books & Music (TSE:IDG) Stock Passes Below Two Hundred Day Moving Average of $2.07

Indigo Books & Music Inc. (TSE:IDGGet Rating)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$2.07 and traded as low as C$2.00. Indigo Books & Music shares last traded at C$2.00, with a volume of 1,601 shares trading hands.

Wall Street Analyst Weigh In

Separately, Cormark dropped their price target on shares of Indigo Books & Music from C$5.00 to C$4.30 in a research note on Monday, February 13th.

Indigo Books & Music Price Performance

The company’s 50-day moving average price is C$1.99 and its two-hundred day moving average price is C$2.07. The company has a market cap of C$54.70 million, a P/E ratio of -1.75 and a beta of 1.39. The company has a current ratio of 1.10, a quick ratio of 0.09 and a debt-to-equity ratio of 2,093.16.

About Indigo Books & Music

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Indigo Books & Music Inc, together with its subsidiaries, operates as a book and lifestyle retailer in Canada and the United States. It also offers books, toys, gifts, baby, kids, wellness, lifestyle, living, fashion, paper, home, and electronics products. The company provides its products under the OUI STUDIO, OUI Design, Auria, LOVE & LORE, NÓTA, Wonder Co, Mini Maison, and The Littlest brands.

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