Intertek Group plc (OTCMKTS:IKTSY – Get Free Report) saw a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 1,700 shares, a decrease of 19.0% from the January 31st total of 2,100 shares. Based on an average daily volume of 3,300 shares, the short-interest ratio is currently 0.5 days.
Intertek Group Stock Up 4.0 %
Shares of Intertek Group stock traded up $2.60 during trading on Tuesday, hitting $67.15. 767 shares of the stock traded hands, compared to its average volume of 2,918. The company has a fifty day moving average price of $63.00 and a two-hundred day moving average price of $63.02. Intertek Group has a twelve month low of $55.84 and a twelve month high of $69.79. The company has a quick ratio of 1.25, a current ratio of 1.27 and a debt-to-equity ratio of 0.75.
Analyst Upgrades and Downgrades
Separately, Barclays upgraded Intertek Group from a “strong sell” rating to a “strong-buy” rating in a report on Friday, January 24th.
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.
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