ITV (OTCMKTS:ITVPY) Stock Price Down 8.8% – Should You Sell?

Itv Plc. (OTCMKTS:ITVPY) was down 8.8% on Friday . The stock traded as low as $10.06 and last traded at $10.0750. Approximately 13,099 shares changed hands during trading, an increase of 32% from the average daily volume of 9,893 shares. The stock had previously closed at $11.0499.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets upgraded shares of ITV from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 6th. One research 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, the company has an average rating of “Buy”.

ITV Stock Down 9.0%

The company’s 50 day moving average is $10.61 and its 200 day moving average is $10.69. The company has a quick ratio of 0.83, a current ratio of 1.29 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.