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ITV (LON:ITV) Shares Cross Above 200 Day Moving Average - Should You Sell?

ITV logo with Communication Services background

ITV plc (LON:ITV - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 75.64 ($1.04) and traded as high as GBX 81.76 ($1.12). ITV shares last traded at GBX 81.76 ($1.12), with a volume of 5,705,514 shares changing hands.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reiterated an "overweight" rating and issued a GBX 115 ($1.58) target price on shares of ITV in a report on Wednesday, March 12th.

Check Out Our Latest Analysis on ITV

ITV Stock Up 2.0%

The firm has a 50-day moving average of GBX 79.16 and a two-hundred day moving average of GBX 75.64. The company has a current ratio of 1.56, a quick ratio of 0.83 and a debt-to-equity ratio of 46.00. The firm has a market cap of £3.15 billion, a price-to-earnings ratio of 7.47, a PEG ratio of -0.53 and a beta of 1.44.

Insider Activity

In related news, insider Chris Kennedy sold 398,708 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of GBX 68 ($0.93), for a total transaction of £271,121.44 ($372,061.81). Also, insider Sharmila Nebhrajani purchased 11,930 shares of the business's stock in a transaction on Friday, April 11th. The stock was bought at an average cost of GBX 67 ($0.92) per share, for a total transaction of £7,993.10 ($10,968.99). 10.64% of the stock is owned by company insiders.

ITV Company Profile

(Get Free Report)

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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