ITV (OTCMKTS:ITVPY) Shares Gap Down - What's Next?

Key Points

• ITV's shares gapped down from a closing price of $11.77 to $11.00 before the market opened on Tuesday, with only 468 shares traded.
• Analysts have issued mixed ratings, with Kepler Capital Markets downgrading ITV to a "hold" and UBS Group reducing its rating to "strong sell."
• Current financial metrics indicate ITV has a current ratio of 1.63 and a debt-to-equity ratio of 0.39, reflecting its financial position.

Itv Plc. (OTCMKTS:ITVPY - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $11.77, but opened at $11.00. ITV shares last traded at $11.00, with a volume of 468 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Kepler Capital Markets lowered ITV from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 22nd. UBS Group downgraded ITV from a "hold" rating to a "strong sell" rating in a research note on Wednesday, April 9th. Finally, Sanford C. Bernstein raised ITV to a "hold" rating in a research report on Thursday, July 17th.

ITV Stock Performance

The stock has a 50-day moving average of $10.87 and a 200 day moving average of $10.07. The company has a current ratio of 1.63, a quick ratio of 1.09 and a debt-to-equity ratio of 0.39.

ITV Company Profile

ITV plc, an integrated production, broadcasting, and streaming company, which creates, owns, and distributes content on various platforms worldwide. It operates through ITV Studios and Media & Entertainment segments. The ITV Studios segment creates and produces programs and formats that include sports, drama, entertainment, factual, and news for its own channels and other broadcasters.

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