ITV (OTCMKTS:ITVPY) Shares Gap Down – Here’s What Happened

Itv Plc. (OTCMKTS:ITVPY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $11.1784, but opened at $10.71. ITV shares last traded at $10.71, with a volume of 1,186 shares changing hands.

Wall Street Analyst Weigh In

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

ITV Price Performance

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.29 and a quick ratio of 0.83. The firm’s fifty day moving average price is $10.60 and its 200-day moving average price is $10.80.

ITV Company Profile

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.