ITV (OTCMKTS:ITVPY) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

Shares of ITV plc (OTCMKTS:ITVPY) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $10.32 and traded as low as $9.45. ITV shares last traded at $9.56, with a volume of 27,328 shares.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded ITV to a “hold” rating in a report on Friday, July 26th.

ITV Stock Down 1.0 %

The firm’s 50 day simple moving average is $10.32 and its two-hundred day simple moving average is $10.07. The company has a quick ratio of 1.06, a current ratio of 1.55 and a debt-to-equity ratio of 0.41.

ITV Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, October 18th will be paid a dividend of $0.1819 per share. The ex-dividend date is Friday, October 18th.

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.