ITV (LON:ITV) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

ITV plc (LON:ITV)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 79.52 and traded as high as GBX 81.30. ITV shares last traded at GBX 77.73, with a volume of 8,434,809 shares trading hands.

ITV Trading Up 0.0%

The stock has a market capitalization of £2.91 billion, a P/E ratio of 13.40, a P/E/G ratio of -0.53 and a beta of 0.82. The firm’s 50 day moving average price is GBX 79.36 and its 200 day moving average price is GBX 79.52. The company has a debt-to-equity ratio of 48.72, a current ratio of 1.23 and a quick ratio of 0.83.

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

About ITV

ITV is a producer, streamer and broadcaster, consisting of ITV Studios and Media & Entertainment (M&E).

ITV Studios is a scaled global creator, owner and distributor of high-quality TV content, producing some of the most successful shows in the world. It operates in 13 countries, across 60+ labels and is diversified by genre, geography and customer in the key creative markets around the world.

Media & Entertainment is the largest commercial streamer and broadcaster. Through M&E, we make brilliant British-focused content available on ITVX – our free, advertiser-funded streaming service – alongside our free-to-air linear TV channels.