ITV (LON:ITV) Shares Pass Above 200 Day Moving Average of $63.88

ITV plc (LON:ITV) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 63.88 ($0.81) and traded as high as GBX 73.86 ($0.93). ITV shares last traded at GBX 73.40 ($0.93), with a volume of 4,358,218 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ITV shares. Numis Securities reaffirmed a “buy” rating on shares of ITV in a research report on Thursday, March 7th. Shore Capital reaffirmed a “buy” rating on shares of ITV in a research report on Thursday, January 25th.

ITV Stock Performance

The stock has a 50-day moving average of GBX 62.71 and a 200-day moving average of GBX 63.88. The firm has a market cap of £2.97 billion, a price-to-earnings ratio of 1,468.00, a price-to-earnings-growth ratio of -0.53 and a beta of 1.41. The company has a debt-to-equity ratio of 48.85, a quick ratio of 0.83 and a current ratio of 1.55.

ITV Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, April 11th will be given a GBX 3.30 ($0.04) dividend. This represents a yield of 5.41%. The ex-dividend date of this dividend is Thursday, April 11th. This is a positive change from ITV’s previous dividend of $1.70. ITV’s dividend payout ratio (DPR) is currently 10,000.00%.

Insider Activity at ITV

In related news, insider Sharmila Nebhrajani purchased 11,238 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was purchased at an average cost of GBX 71 ($0.90) per share, for a total transaction of £7,978.98 ($10,083.38). 10.67% of the stock is owned by insiders.

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 drama, entertainment, and factual for its own channels and other broadcasters.