Intertek Gp (OTCMKTS:IKTSY) Sets New 1-Year High – Here’s Why

Intertek Gp (OTCMKTS:IKTSY) shares reached a new 52-week high during trading on Friday . The stock traded as high as $79.7660 and last traded at $79.7660, with a volume of 1032 shares trading hands. The stock had previously closed at $79.3425.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Kepler Capital Markets upgraded Intertek Gp to a “hold” rating in a report on Monday, May 18th. Jefferies Financial Group downgraded Intertek Gp from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Intertek Gp currently has an average rating of “Hold”.

Intertek Gp Stock Up 0.2%

The company’s fifty day moving average is $77.84 and its 200 day moving average is $67.46. The company has a current ratio of 1.08, a quick ratio of 1.06 and a debt-to-equity ratio of 1.03.

About Intertek Gp

INTERTEK GP (OTCMKTS: IKTSY) is a global provider of quality assurance, testing, inspection and certification services. The company helps clients across a broad spectrum of industries—ranging from oil and gas to consumer goods and electronics—ensure that their products, processes and operations meet regulatory, safety and performance standards. Its core offerings include laboratory testing, supply chain audits, conformity assessments and technical advisory services designed to support risk management and product integrity.

Intertek’s business is organized around four principal service lines: Assurance, Testing, Inspection and Certification.