ITV (LON:ITV) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

ITV plc (LON:ITV)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 78.92 and traded as high as GBX 80.55. ITV shares last traded at GBX 79.95, with a volume of 188,654,797 shares trading hands.

ITV Price Performance

The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 48.72. The company has a 50 day moving average price of GBX 79.44 and a 200 day moving average price of GBX 78.92. The company has a market capitalization of £2.99 billion, a P/E ratio of 13.78, a P/E/G ratio of -0.53 and a beta of 0.81.

ITV (LON:ITV) last posted its quarterly earnings results on Thursday, March 5th. The broadcaster reported GBX 8.50 earnings per share for the quarter. ITV had a return on equity of 11.42% and a net margin of 7.28%. On average, equities analysts predict that ITV plc will post 1120 EPS for the current fiscal year.

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. It is diversified by genre, geography and customer in the key creative markets around the world.

Media & Entertainment is the largest commercial broadcaster and streamer in the UK, delivering unrivalled audience scale and reach.