ITE Group (LON:ITE) Stock Passes Above 200 Day Moving Average – Here’s Why

Shares of ITE Group plc (LON:ITE) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 82.50 ($1.07) and traded as high as GBX 83.30 ($1.08). ITE Group shares last traded at GBX 82.50 ($1.07), with a volume of 643,581 shares trading hands.

ITE Group Price Performance

The company has a current ratio of 0.67, a quick ratio of 0.51 and a debt-to-equity ratio of 44.28. The firm has a market cap of £611.83 million and a price-to-earnings ratio of -91.67. The stock has a 50-day moving average of GBX 82.50 and a two-hundred day moving average of GBX 82.50.

ITE Group Company Profile

ITE Group plc organizes trade exhibitions and conferences worldwide. The company serves various industrial sectors, such as building and interiors; food, drink, and hospitality; oil, gas, and energy; travel and tourism; transportation and logistics; security and protection; fashion, clothing, and textiles; engineering and industrial; electronic and electrical technology; healthcare and medical; mining; beauty and cosmetics; automotive; construction and machinery; paper, print, and packaging; agriculture; aerospace; books and publishing; business services; chemicals and coatings; cleaning and hygiene; education and careers; furniture; food ingredients and technology; IT and telecoms; jewelry; leisure and work boats; lighting; plastics; real estate; sport and leisure; and woodworking and forestry.