ITV (LON:ITV) Shares Cross Above 200-Day Moving Average of $63.88

ITV plc (LON:ITV) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 63.88 ($0.81) and traded as high as GBX 73.86 ($0.93). ITV shares last traded at GBX 73.40 ($0.93), with a volume of 4,358,218 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have commented on ITV shares. Numis Securities reaffirmed a “buy” rating on shares of ITV in a research note on Thursday, March 7th. Shore Capital reissued a “buy” rating on shares of ITV in a research report on Thursday, January 25th.

ITV Stock Performance

The firm’s 50 day moving average price is GBX 62.71 and its 200-day moving average price is GBX 63.88. The firm has a market cap of £2.99 billion, a price-to-earnings ratio of 1,478.00, a P/E/G ratio of -0.53 and a beta of 1.41. The company has a debt-to-equity ratio of 48.85, a current ratio of 1.55 and a quick ratio of 0.83.

ITV Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, April 11th will be issued a dividend of GBX 3.30 ($0.04) per share. The ex-dividend date is Thursday, April 11th. This is a boost from ITV’s previous dividend of $1.70. This represents a dividend yield of 5.41%. ITV’s dividend payout ratio (DPR) is presently 10,000.00%.

Insider Buying and Selling at ITV

In related news, insider Sharmila Nebhrajani acquired 11,238 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was bought at an average cost of GBX 71 ($0.90) per share, with a total value of £7,978.98 ($10,083.38). Company insiders own 10.67% of the company’s stock.

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 drama, entertainment, and factual for its own channels and other broadcasters.