ITV (LON:ITV) Stock Price Crosses Above 200-Day Moving Average - Here's Why

ITV plc (LON:ITV - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 74.65 ($1.01) and traded as high as GBX 82 ($1.11). ITV shares last traded at GBX 80.85 ($1.10), with a volume of 10,574,112 shares traded.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. restated an "overweight" rating and set a GBX 115 ($1.56) target price on shares of ITV in a research report on Wednesday, March 12th.

ITV Trading Up 4.5%

The company has a debt-to-equity ratio of 46.00, a quick ratio of 0.83 and a current ratio of 1.56. The firm has a market cap of £3.20 billion, a P/E ratio of 7.57, a P/E/G ratio of -0.53 and a beta of 1.44. The firm has a 50 day simple moving average of GBX 76.52 and a 200 day simple moving average of GBX 74.77.

Insider Activity at ITV

In other news, insider Chris Kennedy sold 398,708 shares of the stock in a transaction on Monday, April 7th. The shares were sold at an average price of GBX 68 ($0.92), for a total value of £271,121.44 ($367,522.62). Also, insider Sharmila Nebhrajani acquired 11,930 shares of the stock in a transaction dated Friday, April 11th. The shares were bought at an average price of GBX 67 ($0.91) per share, for a total transaction of £7,993.10 ($10,835.16). 10.64% of the stock is owned by corporate insiders.

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.