ITV (LON:ITV) Stock Price Passes Above 200-Day Moving Average of $65.46

ITV plc (LON:ITV)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 65.46 ($0.83) and traded as high as GBX 77.95 ($0.99). ITV shares last traded at GBX 75.65 ($0.96), with a volume of 13,647,686 shares traded.

Wall Street Analyst Weigh In

Several research firms have weighed in on ITV. Shore Capital reissued a “buy” rating on shares of ITV in a research report on Thursday, January 25th. Numis Securities reissued a “buy” rating on shares of ITV in a research report on Thursday, March 7th.

ITV Price Performance

The stock has a market cap of £2.98 billion, a price-to-earnings ratio of 1,513.00, a price-to-earnings-growth ratio of -0.53 and a beta of 1.45. The stock’s 50 day moving average price is GBX 73.19 and its two-hundred day moving average price is GBX 65.46. The company has a quick ratio of 0.83, a current ratio of 1.55 and a debt-to-equity ratio of 48.85.

ITV Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, April 11th were paid a GBX 3.30 ($0.04) dividend. The ex-dividend date was Thursday, April 11th. This represents a dividend yield of 5.41%. This is a positive change from ITV’s previous dividend of $1.70. ITV’s dividend payout ratio is presently 10,000.00%.

Insider Transactions at ITV

In other ITV news, insider Graham Cooke acquired 16,996 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were purchased at an average price of GBX 70 ($0.89) per share, for a total transaction of £11,897.20 ($15,121.00). In other news, insider Graham Cooke purchased 16,996 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were bought at an average price of GBX 70 ($0.89) per share, for a total transaction of £11,897.20 ($15,121.00). Also, insider Sharmila Nebhrajani purchased 11,238 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were purchased at an average price of GBX 71 ($0.90) per share, for a total transaction of £7,978.98 ($10,141.05). Company insiders own 10.37% of the company’s stock.

About ITV

ITV plc, an integrated production, broadcasting, and streaming company, which creates, owns, and distributes content on various platforms worldwide. It operates through ITV Studios and Media & Entertainment segments. The ITV Studios segment creates and produces programs and formats that include sports, drama, entertainment, factual, and news for its own channels and other broadcasters.