ITV (LON:ITV) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

ITV plc (LON:ITV) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 78.07 ($1.02) and traded as high as GBX 79.25 ($1.03). ITV shares last traded at GBX 78.40 ($1.02), with a volume of 8,558,948 shares trading hands.

Wall Street Analysts Forecast Growth

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

ITV Stock Performance

The company has a quick ratio of 0.83, a current ratio of 1.60 and a debt-to-equity ratio of 45.31. The firm has a 50-day simple moving average of GBX 79.46 and a 200 day simple moving average of GBX 78.07. The company has a market cap of £2.95 billion, a price-to-earnings ratio of 712.73, a price-to-earnings-growth ratio of -0.53 and a beta of 1.44.

ITV Cuts Dividend

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