Intrum AB (publ) (OTCMKTS:ITJTY) Trading Down 2.5% – Here’s Why

Intrum AB (publ) (OTCMKTS:ITJTY) shares traded down 2.5% during mid-day trading on Wednesday . The stock traded as low as $2.73 and last traded at $2.73. 700 shares traded hands during trading, a decline of 49% from the average daily volume of 1,379 shares. The stock had previously closed at $2.80.

Intrum AB (publ) Trading Down 2.5%

The firm has a 50-day moving average of $2.55 and a 200 day moving average of $3.82.

About Intrum AB (publ)

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.