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

Key Points

• ITV's share price briefly crossed above its 200-day moving average on Friday (200-day MA GBX 79.42) with an intraday high of GBX 79.90, though the stock last traded at GBX 78.05 on volume of 170,200,141 shares.
• The firm has a market capitalization of £2.91 billion and a P/E ratio of 15.93, alongside a debt-to-equity of 48.72, net margin of 7.28% and return on equity of 11.42%.
• ITV is a vertically integrated broadcaster and streamer, combining ITV Studios (global content production and distribution) with Media & Entertainment (the UK’s largest commercial broadcaster and streamer).

ITV plc (LON:ITV - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 79.42 and traded as high as GBX 79.90. ITV shares last traded at GBX 78.05, with a volume of 170,200,141 shares trading hands.

ITV Price Performance

The company has a debt-to-equity ratio of 48.72, a current ratio of 1.23 and a quick ratio of 0.83. The firm has a market capitalization of £2.91 billion, a price-to-earnings ratio of 15.93, a PEG ratio of -0.53 and a beta of 0.85. The business's fifty day simple moving average is GBX 81.10 and its 200 day simple moving average is GBX 79.42.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.