Intertek Gp (OTCMKTS:IKTSY) Sees Large Volume Increase – Still a Buy?

Shares of Intertek Gp (OTCMKTS:IKTSY) saw unusually-high trading volume on Wednesday. Approximately 23,535 shares changed hands during trading, an increase of 75% from the previous session’s volume of 13,454 shares. The stock last traded at $77.73 and had previously closed at $78.35.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group cut Intertek Gp from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, Intertek Gp currently has a consensus rating of “Hold”.

Intertek Gp Trading Down 0.5%

The firm has a 50-day moving average of $78.66 and a 200-day moving average of $70.69. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.08 and a quick ratio of 1.06.

About Intertek Gp

Intertek Group plc is a global provider of quality assurance, testing, inspection and certification services. The company helps businesses assess the safety, quality, performance and regulatory compliance of products, materials, processes and facilities across a wide range of industries.

Its services include laboratory testing, product certification, supply-chain audits, industrial inspection, environmental analysis and assurance programs. Intertek serves sectors such as consumer products, food and agriculture, chemicals, pharmaceuticals, energy, transportation, construction and infrastructure, supporting customers from product development and manufacturing through distribution and market access.

Founded in 1885, Intertek has developed an international network of laboratories, offices and technical experts serving clients in markets around the world.