Intrum AB (publ) (OTCMKTS:ITJTY) Stock Price Up 16.3% – Here’s Why

Intrum AB (publ) (OTCMKTS:ITJTY) shares rose 16.3% on Wednesday . The company traded as high as $0.3620 and last traded at $0.3617. Approximately 2,719 shares traded hands during mid-day trading, an increase of 12% from the average daily volume of 2,420 shares. The stock had previously closed at $0.3111.

Intrum AB (publ) Stock Performance

The firm has a 50-day moving average price of $0.44 and a 200-day moving average price of $2.19.

About Intrum AB (publ)

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.