ITV (LON:ITV) Stock Passes Above 200-Day Moving Average – Should You Sell?

Posted by Defense World Staff on Oct 9th, 2024

ITV plc (LON:ITV – Get Free Report)’s stock price crossed 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 changing hands.

Wall Street Analyst Weigh In

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

Check Out Our Latest Analysis on ITV

ITV Trading Down 1.5 %

The company has a 50-day moving average price of GBX 79.65 and a two-hundred day moving average price of GBX 77.89. The stock has a market cap of £2.99 billion, a P/E ratio of 696.82, a P/E/G ratio of -0.53 and a beta of 1.44. The company has a current ratio of 1.60, a quick ratio of 0.83 and a debt-to-equity ratio of 45.31.

ITV Cuts Dividend

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

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