ITV (OTCMKTS:ITVPY) Trading 9% Higher – Still a Buy?

by · The Markets Daily

Itv Plc. (OTCMKTS:ITVPY – Get Free Report) shares traded up 9% during mid-day trading on Wednesday . The company traded as high as $11.71 and last traded at $11.71. 2,111 shares were traded during mid-day trading, a decline of 85% from the average session volume of 13,679 shares. The stock had previously closed at $10.74.

ITV Trading Up 9.0%

The company’s 50 day moving average price is $10.33 and its two-hundred day moving average price is $10.69. The company has a quick ratio of 1.02, a current ratio of 1.54 and a debt-to-equity ratio of 0.44.

About ITV

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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.

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