ITV (OTCMKTS:ITVPY) Shares Gap Down – What’s Next?

Itv Plc. (OTCMKTS:ITVPY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $10.9880, but opened at $10.4620. ITV shares last traded at $10.4620, with a volume of 750 shares changing hands.

Analyst Ratings Changes

Separately, Kepler Capital Markets upgraded ITV from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, ITV presently has a consensus rating of “Buy”.

ITV Price Performance

The stock has a 50 day moving average of $10.60 and a 200 day moving average of $10.68. The company has a quick ratio of 0.83, a current ratio of 1.29 and a debt-to-equity ratio of 0.24.

About ITV

ITV plc is a United Kingdom–based broadcasting and media production company best known for its portfolio of free-to-air television channels, including ITV, ITV2, ITV3, ITV4 and CITV. The company generates revenue primarily through advertising sales across its broadcast network and digital platforms. In addition to traditional linear broadcasting, ITV offers on-demand and catch-up services via its streaming portal, providing viewers access to drama, entertainment, reality and sports programming.

Through its production arm, ITV Studios, the company develops, produces and distributes original content for both its own channels and third-party broadcasters and streaming platforms.