ITV (LON:ITV) Stock Passes Above 200-Day Moving Average - What's Next?

Key Points

• ITV's stock intraday crossed above its 200-day moving average (200‑day MA GBX 78.97), trading as high as GBX 79.45 on Tuesday with volume of about 9.15 million shares, though the last trade was GBX 77.75.
• ITV is a vertically integrated broadcaster and streamer, combining global ITV Studios and the UK’s largest commercial broadcast/streaming arm; the company has a market cap of £2.99 billion, a trailing PE of 13.76, and reported quarterly EPS of GBX 8.50.

ITV plc (LON:ITV - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 78.97 and traded as high as GBX 79.45. ITV shares last traded at GBX 77.75, with a volume of 9,154,461 shares changing hands.

ITV Stock Performance

The company has a market cap of £2.99 billion, a PE ratio of 13.76, a PEG ratio of -0.53 and a beta of 0.85. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 48.72. The company has a 50-day moving average of GBX 80.04 and a 200-day moving average of GBX 78.97.

ITV (LON:ITV - Get Free Report) last announced its earnings results on Thursday, March 5th. The broadcaster reported GBX 8.50 earnings per share (EPS) for the quarter. ITV had a return on equity of 11.42% and a net margin of 7.28%. As a group, analysts anticipate that ITV plc will post 1120 earnings per share for the current year.

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. It is diversified by genre, geography and customer in the key creative markets around the world. Media & Entertainment is the largest commercial broadcaster and streamer in the UK, delivering unrivalled audience scale and reach.

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