IG Group (OTCMKTS:IGGHY) Shares Down 1.7% – Should You Sell?

by · The Cerbat Gem

Shares of IG Group Holdings plc (OTCMKTS:IGGHY – Get Free Report) fell 1.7% during mid-day trading on Wednesday . The stock traded as low as $14.39 and last traded at $14.39. 200 shares were traded during mid-day trading, a decline of 59% from the average session volume of 487 shares. The stock had previously closed at $14.64.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft initiated coverage on IG Group in a research note on Tuesday. They set a “buy” rating on the stock. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Read Our Latest Analysis on IGGHY

IG Group Stock Down 1.7%

The business’s 50 day moving average price is $14.75 and its 200 day moving average price is $14.78.

IG Group Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, October 23rd. Shareholders of record on Monday, September 22nd were given a $0.4304 dividend. This represents a yield of 372.0%. The ex-dividend date of this dividend was Friday, September 19th. IG Group’s payout ratio is 62.58%.

IG Group Company Profile

(Get Free Report)

IG Group Holdings plc, a fintech company, engages in the online trading business worldwide. The company offers over the counter (OTC) derivatives, which include CFD (Contracts For Difference) that enable traders to take advantage of changes in an asset's price without owning the asset itself, as well as access to a range of risk-mitigation measures, including stops and limits, and negative-balance protection; and OTC FX and options, and spread bets, under IG and IG Prime brands.

Further Reading