Intertek Gp (OTCMKTS:IKTSY – Get Free Report) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 47 shares, a drop of 97.1% from the June 30th total of 1,623 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 25,561 shares, the short-interest ratio is currently 0.0 days.
Intertek Gp Trading Down 1.5%
Shares of Intertek Gp stock opened at $77.26 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.06 and a debt-to-equity ratio of 1.03. Intertek Gp has a fifty-two week low of $47.35 and a fifty-two week high of $79.56. The firm has a 50-day simple moving average of $76.01 and a two-hundred day simple moving average of $65.24.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group lowered shares of Intertek Gp from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Kepler Capital Markets upgraded shares of Intertek Gp to a “hold” rating in a research note on Monday, May 18th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Intertek Gp presently has an average rating of “Hold”.
About Intertek Gp
INTERTEK GP (OTCMKTS: IKTSY) is a global provider of quality assurance, testing, inspection and certification services. The company helps clients across a broad spectrum of industries—ranging from oil and gas to consumer goods and electronics—ensure that their products, processes and operations meet regulatory, safety and performance standards. Its core offerings include laboratory testing, supply chain audits, conformity assessments and technical advisory services designed to support risk management and product integrity.
Intertek’s business is organized around four principal service lines: Assurance, Testing, Inspection and Certification.
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