ITV (LON:ITV) Stock Crosses Above 200 Day Moving Average – Time to Sell?

ITV plc (LON:ITV)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 76.02 ($1.04) and traded as high as GBX 84.25 ($1.15). ITV shares last traded at GBX 83.80 ($1.14), with a volume of 10,015,995 shares changing hands.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 115 ($1.57) target price on shares of ITV in a research report on Wednesday, March 12th.

ITV Stock Performance

The stock’s 50 day moving average is GBX 79.75 and its two-hundred day moving average is GBX 76.02. The company has a debt-to-equity ratio of 46.00, a current ratio of 1.56 and a quick ratio of 0.83. The firm has a market cap of £3.21 billion, a P/E ratio of 7.61, a PEG ratio of -0.53 and a beta of 1.44.

Insider Activity at ITV

In other news, insider Sharmila Nebhrajani purchased 11,930 shares of ITV stock in a transaction that occurred on Friday, April 11th. The shares were acquired at an average price of GBX 67 ($0.91) per share, for a total transaction of £7,993.10 ($10,909.10). Also, insider Chris Kennedy sold 398,708 shares of ITV stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of GBX 68 ($0.93), for a total transaction of £271,121.44 ($370,030.63). 10.64% of the stock is currently owned by insiders.

ITV Company Profile

ITV is a vertically integrated producer broadcaster and streamer, consisting of ITV Studios and Media & Entertainment.

ITV Studios is a scaled and global creator, owner and distributor of high-quality TV content. It operates in 12 countries, across 60+ labels and has a global distribution network.