ITE Group (LON:ITE) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Shares of ITE Group plc (LON:ITE) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 82.50 ($1.07) and traded as high as GBX 83.30 ($1.08). ITE Group shares last traded at GBX 82.50 ($1.07), with a volume of 643,581 shares.

ITE Group Trading Down 1.6 %

The company has a market capitalization of £611.83 million and a price-to-earnings ratio of -91.67. The company has a current ratio of 0.67, a quick ratio of 0.51 and a debt-to-equity ratio of 44.28. The business’s 50 day moving average price is GBX 82.50 and its two-hundred day moving average price is GBX 82.50.

ITE Group Company Profile

ITE Group plc organizes trade exhibitions and conferences worldwide. The company serves various industrial sectors, such as building and interiors; food, drink, and hospitality; oil, gas, and energy; travel and tourism; transportation and logistics; security and protection; fashion, clothing, and textiles; engineering and industrial; electronic and electrical technology; healthcare and medical; mining; beauty and cosmetics; automotive; construction and machinery; paper, print, and packaging; agriculture; aerospace; books and publishing; business services; chemicals and coatings; cleaning and hygiene; education and careers; furniture; food ingredients and technology; IT and telecoms; jewelry; leisure and work boats; lighting; plastics; real estate; sport and leisure; and woodworking and forestry.