ITV (LON:ITV) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

ITV plc (LON:ITV - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 73.46 ($0.98) and traded as high as GBX 77.15 ($1.03). ITV shares last traded at GBX 75.50 ($1.01), with a volume of 25,875,461 shares.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a GBX 115 ($1.53) target price on shares of ITV in a research report on Wednesday, March 12th.

ITV Stock Performance

The stock has a 50 day moving average of GBX 75.12 and a two-hundred day moving average of GBX 73.50. The company has a debt-to-equity ratio of 46.00, a current ratio of 1.56 and a quick ratio of 0.83. The stock has a market capitalization of £3.12 billion, a PE ratio of 7.38, a P/E/G ratio of -0.53 and a beta of 1.44.

ITV (LON:ITV - Get Free Report) last posted its earnings results on Thursday, March 6th. The broadcaster reported GBX 9.60 ($0.13) earnings per share for the quarter. ITV had a net margin of 12.11% and a return on equity of 23.62%. Research analysts expect that ITV plc will post 1120 EPS for the current fiscal year.

ITV Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, April 10th will be paid a dividend of GBX 3.30 ($0.04) per share. This represents a dividend yield of 4.15%. The ex-dividend date is Thursday, April 10th. ITV's dividend payout ratio is presently 45.68%.

Insider Activity

In other news, insider Chris Kennedy sold 398,708 shares of the business's stock in a transaction on Monday, April 7th. The shares were sold at an average price of GBX 68 ($0.91), for a total transaction of £271,121.44 ($361,639.91). Also, insider Sharmila Nebhrajani acquired 11,930 shares of the company's stock in a transaction dated Friday, April 11th. The shares were purchased at an average price of GBX 67 ($0.89) per share, with a total value of £7,993.10 ($10,661.73). Company insiders own 10.64% of the company's stock.

ITV Company Profile

ITV is a vertically integrated producer broadcaster and streamer, consisting of ITV Studios and Media & Entertainment. ITV Studios is a scaled and global creator, owner and distributor of high-quality TV content. It operates in 12 countries, across 60+ labels and has a global distribution network.