ITV (LON:ITV) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

ITV plc (LON:ITV) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 73.46 ($0.98) and traded as high as GBX 77.15 ($1.03). ITV shares last traded at GBX 75.50 ($1.01), with a volume of 25,875,461 shares changing hands.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 115 ($1.54) target price on shares of ITV in a research report on Wednesday, March 12th.

ITV Trading Up 2.1 %

The company has a quick ratio of 0.83, a current ratio of 1.56 and a debt-to-equity ratio of 46.00. The company’s 50-day moving average price is GBX 74.91 and its 200-day moving average price is GBX 73.46. The firm has a market cap of £2.97 billion, a price-to-earnings ratio of 7.04, a price-to-earnings-growth ratio of -0.53 and a beta of 1.44.

ITV (LON:ITV) last posted its quarterly earnings data on Thursday, March 6th. The broadcaster reported GBX 9.60 ($0.13) EPS for the quarter. ITV had a return on equity of 23.62% and a net margin of 12.11%. Equities analysts expect that ITV plc will post 1120 EPS for the current fiscal year.

ITV Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, April 10th will be issued a dividend of GBX 3.30 ($0.04) per share. This represents a dividend yield of 4.15%. The ex-dividend date of this dividend is Thursday, April 10th. ITV’s payout ratio is 45.68%.

Insider Activity

In related news, insider Carolyn McCall sold 267,242 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of GBX 79 ($1.06), for a total value of £211,121.18 ($282,511.95). Also, insider Sharmila Nebhrajani acquired 11,930 shares of the stock in a transaction on Friday, April 11th. The shares were bought at an average cost of GBX 67 ($0.90) per share, for a total transaction of £7,993.10 ($10,695.97). Company insiders own 10.64% of the company’s stock.

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.