Intrum AB (publ) (OTCMKTS:ITJTY) Stock Price Down 13.1% – Here’s Why

Intrum AB (publ) (OTCMKTS:ITJTY) shares were down 13.1% on Tuesday . The stock traded as low as $4.10 and last traded at $4.10. Approximately 100 shares changed hands during trading, a decline of 81% from the average daily volume of 530 shares. The stock had previously closed at $4.72.

Intrum AB (publ) Price Performance

The stock has a 50 day simple moving average of $4.87 and a 200 day simple moving average of $4.79.

Intrum AB (publ) Company Profile

Intrum AB (publ) is a leading European provider of credit management services, helping companies and consumers make sound credit decisions and manage outstanding receivables. The company’s core offerings include debt collection, outsourcing of credit management processes, receivables purchase, credit information and scoring, as well as consultancy on credit risk. Through these services, Intrum assists clients in optimizing cash flow, reducing credit losses and maintaining healthy customer relationships.

Founded through the merger of Intrum Justitia and Lindorff in 2017, Intrum has grown into a pan-European organisation with operations in more than 20 markets.