IG Group (LON:IGG) Sets New 1-Year High – What’s Next?

IG Group Holdings plc (LON:IGG) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 1,531 and last traded at GBX 1,515, with a volume of 694829 shares. The stock had previously closed at GBX 1,518.

IG Group Stock Performance

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 stock has a fifty day moving average of GBX 1,387.96 and a 200-day moving average of GBX 1,259.87. The stock has a market cap of £5.04 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of -1.44 and a beta of 0.48.

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

IG Group declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, April 1st that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

IG Group Company Profile

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.