Intertek Group (OTCMKTS:IKTSY) Stock Price Passes Below 50-Day Moving Average of $53.42

Intertek Group plc (OTCMKTS:IKTSY – Get Rating) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $53.42 and traded as low as $50.34. Intertek Group shares last traded at $50.72, with a volume of 15,201 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on IKTSY shares. Deutsche Bank Aktiengesellschaft lowered shares of Intertek Group from a “buy” rating to a “hold” rating in a report on Thursday, June 23rd. JPMorgan Chase & Co. downgraded Intertek Group from an “overweight” rating to a “neutral” rating in a research report on Thursday, June 30th. Jefferies Financial Group downgraded Intertek Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. HSBC downgraded Intertek Group from a “buy” rating to a “hold” rating in a research report on Friday, April 8th. Finally, Morgan Stanley downgraded Intertek Group from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 8th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $6,105.33.

Intertek Group Price Performance

The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.75 and a current ratio of 0.76. The stock has a 50-day moving average price of $53.42 and a 200 day moving average price of $62.42.

Intertek Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, July 5th. Stockholders of record on Friday, May 27th were given a dividend of $0.8905 per share. This represents a dividend yield of 2.13%. The ex-dividend date was Thursday, May 26th.

About Intertek Group

(Get Rating)

Intertek Group plc provides quality assurance solutions to various industries in the United Kingdom, the United States, and internationally. It operates in three segments: Products, Trade, and Resources. The Products segment offers assurance, testing, inspection, and certification services (ATIC), including laboratory safety, quality and performance testing, second-party supplier auditing, sustainability analysis, products assurance, vendor compliance, process performance analysis, facility plant and equipment verification, and third party certification.

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