ITV (LON:ITV) Shares Pass Above 200 Day Moving Average – Time to Sell?

ITV plc (LON:ITV) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 79.46 and traded as high as GBX 83.80. ITV shares last traded at GBX 82.65, with a volume of 14,915,119 shares trading hands.

ITV Stock Performance

The company has a quick ratio of 0.83, a current ratio of 1.54 and a debt-to-equity ratio of 52.19. The firm has a 50-day moving average of GBX 81.06 and a 200 day moving average of GBX 79.46. The stock has a market capitalization of £3.11 billion, a P/E ratio of 17.00, a PEG ratio of -0.53 and a beta of 0.85.

ITV (LON:ITV) last announced 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 6.12% and a return on equity of 9.43%. Research analysts anticipate that ITV plc will post 1120 EPS for the current fiscal year.

ITV Company Profile

ITV is a vertically integrated producer broadcaster and streamer, consisting of ITV Studios and Media & Entertainment.

ITV Studios is a scaled and global creator, owner and distributor of high-quality TV content. It operates in 12 countries, across 60+ labels and has a global distribution network. It is diversified by genre, geography and customer in the key creative markets around the world.

Media & Entertainment is the largest commercial broadcaster and streamer in the UK, delivering unrivalled audience scale and reach.