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

Intertek Group plc (OTCMKTS:IKTSY) passed 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 traded.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Royal Bank of Canada downgraded shares of Intertek Group from an “outperform” rating to a “sector perform” rating in a research note on Monday, October 21st. Barclays raised shares of Intertek Group from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, January 24th.

Intertek Group Stock Performance

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

About Intertek Group

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.