ITV (LON:ITV) Share Price Passes Above 200 Day Moving Average - Time to Sell?

ITV plc (LON:ITV - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 73.66 ($0.98) and traded as high as GBX 79.50 ($1.06). ITV shares last traded at GBX 78 ($1.04), with a volume of 20,192,580 shares traded.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a GBX 115 ($1.53) target price on shares of ITV in a research report on Wednesday, March 12th.

ITV Trading Up 0.8%

The company has a market capitalization of £3.03 billion, a price-to-earnings ratio of 7.18, a price-to-earnings-growth ratio of -0.53 and a beta of 1.44. The business has a fifty day moving average price of GBX 76.66 and a 200 day moving average price of GBX 73.66. The company has a debt-to-equity ratio of 46.00, a current ratio of 1.56 and a quick ratio of 0.83.

ITV (LON:ITV - Get Free Report) last issued its quarterly earnings results 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%. On average, equities analysts expect that ITV plc will post 1120 EPS for the current fiscal year.

ITV Cuts Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, April 10th. This represents a dividend yield of 4.15%. ITV's dividend payout ratio (DPR) is presently 45.68%.

Insider Transactions at ITV

In related news, insider Carolyn McCall sold 267,242 shares of the company's stock in a transaction on Friday, March 28th. The stock was sold at an average price of GBX 79 ($1.05), for a total value of £211,121.18 ($280,970.43). Also, insider Sharmila Nebhrajani bought 11,930 shares of the business's stock in a transaction that occurred on Friday, April 11th. The stock was purchased at an average price of GBX 67 ($0.89) per share, with a total value of £7,993.10 ($10,637.61). Corporate insiders own 10.64% of the company's stock.

About ITV

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.

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