INTERTEK GP (OTCMKTS:IKTSY) Trading Down 2.4% - Here's Why

Key Points

• Intertek Gp's shares declined by 2.4% to close at $63.11, amidst a trading volume that was 4% lower than average.
• The company recently announced a significant dividend of $1.2528 per share, yielding 296.0%, which is an increase from the previous dividend of $0.66.
• Intertek Gp operates in various sectors, providing quality assurance solutions in industries such as Consumer Products, Health and Safety, and Infrastructure, among others.

INTERTEK GP (OTCMKTS:IKTSY - Get Free Report) shares were down 2.4% on Thursday . The stock traded as low as $62.66 and last traded at $63.11. Approximately 3,246 shares were traded during mid-day trading, a decline of 4% from the average daily volume of 3,395 shares. The stock had previously closed at $64.63.

INTERTEK GP Stock Down 0.3%

The company's 50-day moving average price is $65.15 and its two-hundred day moving average price is $64.39. 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 firm also recently declared a dividend, which was paid on Monday, July 7th. Stockholders of record on Monday, June 2nd were issued a $1.2528 dividend. This is a boost from INTERTEK GP's previous dividend of $0.66. The ex-dividend date of this dividend was Friday, May 30th. This represents a dividend yield of 296.0%.

About INTERTEK GP

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.