Intrum AB (publ) (OTCMKTS:ITJTY) Stock Price Up 28.8% – Here’s Why

Shares of Intrum AB (publ) (OTCMKTS:ITJTY) rose 28.8% during trading on Wednesday . The company traded as high as $2.4380 and last traded at $2.3836. Approximately 12,401 shares traded hands during trading, an increase of 912% from the average daily volume of 1,225 shares. The stock had previously closed at $1.85.

Intrum AB (publ) Price Performance

The firm’s 50 day simple moving average is $3.04 and its 200-day simple moving average is $4.02.

About Intrum AB (publ)

Intrum AB (publ) is a leading European provider of credit management services, helping companies and consumers make sound credit decisions and manage outstanding receivables. The company’s core offerings include debt collection, outsourcing of credit management processes, receivables purchase, credit information and scoring, as well as consultancy on credit risk. Through these services, Intrum assists clients in optimizing cash flow, reducing credit losses and maintaining healthy customer relationships.

Founded through the merger of Intrum Justitia and Lindorff in 2017, Intrum has grown into a pan-European organisation with operations in more than 20 markets.