There’s Reason For Concern Over IG Design Group plc’s (LON:IGR) Massive 27% Price Jump

IG Design Group plc (LON:IGR) shareholders would be excited to see that the share price has had a great month, posting a 27% gain and recovering from prior weakness. But the last month did very little to improve the 64% share price decline over the last year.

Even after such a large jump in price, there still wouldn’t be many who think IG Design Group’s price-to-sales (or “P/S”) ratio of 0.1x is worth a mention when the median P/S in the United Kingdom’s Consumer Durables industry is similar at about 0.6x. Although, it’s not wise to simply ignore the P/S without explanation as investors may be disregarding a distinct opportunity or a costly mistake.

Source link