Intertek Group (OTCMKTS:IKTSY) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Intertek Group plc (OTCMKTS:IKTSY) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $61.52 and traded as high as $68.22. Intertek Group shares last traded at $68.22, with a volume of 1,874 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on IKTSY shares. Barclays raised shares of Intertek Group from a “strong sell” rating to a “strong-buy” rating in a report on Friday, January 24th. Royal Bank of Canada lowered shares of Intertek Group from an “outperform” rating to a “sector perform” rating in a report on Monday, October 21st.

Intertek Group Price Performance

The business’s 50-day moving average is $61.64 and its 200-day moving average is $62.50. The company has a current ratio of 1.27, a quick ratio of 1.25 and a debt-to-equity ratio of 0.75.

Intertek Group Company Profile

Intertek Group plc engages in the provision of quality assurance solutions to various industries in the United Kingdom, the United States, China, Australia, and internationally. The company operates in five segments: Consumer Products, Corporate Assurance, Health and Safety, Industry and Infrastructure, and World of Energy.