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

Shares of Itv Plc. (OTCMKTS:ITVPY) gapped down prior to trading on Wednesday . The stock had previously closed at $11.50, but opened at $11.03. ITV shares last traded at $11.03, with a volume of 9,179 shares.

Analyst Upgrades and Downgrades

Separately, Kepler Capital Markets upgraded shares of ITV from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

ITV Trading Down 1.8%

The stock has a fifty day simple moving average of $10.55 and a 200 day simple moving average of $10.61. The company has a current ratio of 1.29, a quick ratio of 0.83 and a debt-to-equity ratio of 0.24.

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.