Intertek Gp (OTCMKTS:IKTSY) Shares Gap Down - Here's What Happened

Key Points

• Intertek Gp's share price gapped down significantly from $65.39 to open at $60.70, indicating a rapid decline in market confidence.
• The company has declared a new dividend of $1.2528 per share, a notable increase from the previous dividend of $0.66, resulting in a yield of 296.0%.
• Intertek Gp maintains a solid financial profile with a debt-to-equity ratio of 0.51, and both its quick and current ratios are above 1.0, signaling good liquidity.

Shares of Intertek Gp (OTCMKTS:IKTSY - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $65.39, but opened at $60.70. Intertek Gp shares last traded at $60.70, with a volume of 163 shares traded.

Intertek Gp Price Performance

The business has a 50 day moving average of $65.30 and a 200 day moving average of $64.34. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.10 and a quick ratio of 1.09.

Intertek Gp Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, July 7th. Stockholders of record on Monday, June 2nd were paid a $1.2528 dividend. The ex-dividend date was Friday, May 30th. This represents a dividend yield of 296.0%. This is an increase from Intertek Gp's previous dividend of $0.66.

Intertek Gp Company Profile

Intertek Group plc engages in the provision of quality assurance solutions to various industries in the United Kingdom, the United States, China, Australia, and internationally. The company operates in five segments: Consumer Products, Corporate Assurance, Health and Safety, Industry and Infrastructure, and World of Energy.