Intrum AB (publ) (OTCMKTS:ITJTY) Trading Up 16.3% – Here’s What Happened

Shares of Intrum AB (publ) (OTCMKTS:ITJTY) were up 16.3% during trading on Wednesday . The company traded as high as $0.3620 and last traded at $0.3617. Approximately 2,719 shares were traded during mid-day trading, an increase of 12% from the average session volume of 2,420 shares. The stock had previously closed at $0.3111.

Intrum AB (publ) Stock Performance

The company has a fifty day simple moving average of $0.41 and a two-hundred day simple moving average of $2.16.

Intrum AB (publ) Company Profile

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.