IG Group (LON:IGG) Releases Quarterly Earnings Results

IG Group (LON:IGG) issued its quarterly earnings results on Thursday. The company reported GBX 55.30 ($0.68) earnings per share (EPS) for the quarter, Digital Look Earnings reports. IG Group had a return on equity of 15.76% and a net margin of 32.24%.

IG Group Stock Up 1.7 %

IG Group stock traded up GBX 17 ($0.21) during trading hours on Friday, reaching GBX 1,023 ($12.64). The stock had a trading volume of 2,977,091 shares, compared to its average volume of 1,347,167. The business’s 50 day moving average price is GBX 978.67 and its 200-day moving average price is GBX 941.89. The company has a market cap of £3.67 billion, a price-to-earnings ratio of 1,311.54, a PEG ratio of -1.44 and a beta of 0.55. The company has a debt-to-equity ratio of 17.04, a current ratio of 2.31 and a quick ratio of 2.40. IG Group has a 52 week low of GBX 671 ($8.29) and a 52 week high of GBX 1,106 ($13.66).

Insider Buying and Selling at IG Group

In related news, insider Marieke Flament purchased 5,335 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was bought at an average cost of GBX 937 ($11.57) per share, with a total value of £49,988.95 ($61,745.24). 4.44% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

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.