ITV (LON:ITV) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of ITV plc (LON:ITV) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 77.89 ($1.02) and traded as high as GBX 78.05 ($1.02). ITV shares last traded at GBX 76.65 ($1.00), with a volume of 11,050,922 shares traded.

Analyst Ratings Changes

Separately, Shore Capital reiterated a “buy” rating on shares of ITV in a research note on Thursday, July 25th.

ITV Price Performance

The company has a debt-to-equity ratio of 45.31, a quick ratio of 0.83 and a current ratio of 1.60. The firm has a market capitalization of £3.02 billion, a price-to-earnings ratio of 704.09, a PEG ratio of -0.53 and a beta of 1.44. The firm has a fifty day moving average price of GBX 79.51 and a 200 day moving average price of GBX 77.92.

ITV Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Thursday, October 17th will be issued a GBX 1.70 ($0.02) dividend. This represents a yield of 2.02%. The ex-dividend date is Thursday, October 17th. ITV’s dividend payout ratio (DPR) is currently 4,545.45%.

ITV Company Profile

ITV plc, an integrated production, broadcasting, and streaming company, which creates, owns, and distributes content on various platforms worldwide. It operates through ITV Studios and Media & Entertainment segments. The ITV Studios segment creates and produces programs and formats that include sports, drama, entertainment, factual, and news for its own channels and other broadcasters.