ITV (LON:ITV) Shares Pass Above 200 Day Moving Average of $63.88

ITV plc (LON:ITVGet Free Report)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 63.88 ($0.81) and traded as high as GBX 73.86 ($0.93). ITV shares last traded at GBX 73.40 ($0.93), with a volume of 4,358,218 shares.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ITV. Numis Securities reissued a “buy” rating on shares of ITV in a research note on Thursday, March 7th. Shore Capital reissued a “buy” rating on shares of ITV in a research note on Thursday, January 25th.

Read Our Latest Report on ITV

ITV Stock Up 0.1 %

The company has a quick ratio of 0.83, a current ratio of 1.55 and a debt-to-equity ratio of 48.85. The company has a market capitalization of £2.97 billion, a PE ratio of 1,468.00, a P/E/G ratio of -0.53 and a beta of 1.41. The stock has a 50-day moving average of GBX 62.71 and a 200 day moving average of GBX 63.88.

ITV Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, April 11th will be given a dividend of GBX 3.30 ($0.04) per share. This represents a dividend yield of 5.41%. This is an increase from ITV’s previous dividend of $1.70. The ex-dividend date is Thursday, April 11th. ITV’s dividend payout ratio (DPR) is presently 10,000.00%.

Insider Activity at ITV

In other ITV news, insider Sharmila Nebhrajani purchased 11,238 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was bought at an average cost of GBX 71 ($0.90) per share, with a total value of £7,978.98 ($10,083.38). 10.67% of the stock is currently owned by company insiders.

ITV Company Profile

(Get Free Report)

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 drama, entertainment, and factual for its own channels and other broadcasters.

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