IGG Inc

What is IGG Inc (0799)?

Company Overview IGG Inc (0799), is an investment holding company that focuses on the development of online games. The Company invests in mobile Internet and gaming-related companies. Some of the most popular games of the company are Lords Mobile, Time Princess and Castle Clash. IGG Inc was founded in 2006 and is headquartered in Singapore.

IGG, is it a good pick?

The company announced results on Aug 5th, 2021, with a revenue of $3.24B against a forecast of $431.14M; and also an EPS of $0.48. The share price is down 35% in the last three years, falling well short of the market return of around 18%.

Technical analysis

From Nov 22nd to Dec 30th the share price went down -19.68% to trade at $6.53. From Dec 31st to Jan 19th the share price has dropped -33.05% to reach $4.81. The RSI shows that the stock is at the oversold zone while the MACD is at a downtrend. The share price could keep dropping -11.10% to trade at $4.19 in the short term.