INTERTEK GP (OTCMKTS:IKTSY) Share Price Crosses Below 50-Day Moving Average - Here's What Happened

Key Points

• Intertek Gp's stock price dropped below its 50-day moving average of $64.88, trading as low as $64.29 during recent trading.
• The company has announced a dividend payment of $0.7045 per share, scheduled for October 22nd, representing a yield of 312.0% for shareholders on record as of September 15th.
• Intertek operates internationally in various sectors, providing quality assurance solutions across five segments, including Consumer Products and Health and Safety.

Shares of INTERTEK GP (OTCMKTS:IKTSY - Get Free Report) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $64.88 and traded as low as $64.29. INTERTEK GP shares last traded at $64.90, with a volume of 1,023 shares.

INTERTEK GP Stock Down 0.9%

The firm's fifty day simple moving average is $64.79 and its 200 day simple moving average is $64.18. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 0.51.

INTERTEK GP Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Monday, September 15th will be issued a dividend of $0.7045 per share. This represents a yield of 312.0%. The ex-dividend date is Friday, September 12th.

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.