Intrum AB (publ) (OTCMKTS:ITJTY) Shares Down 8.2% – Here’s What Happened

Shares of Intrum AB (publ) (OTCMKTS:ITJTY) traded down 8.2% on Monday . The stock traded as low as $3.90 and last traded at $3.90. 120 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 357 shares. The stock had previously closed at $4.25.

Intrum AB (publ) Stock Down 8.2%

The company has a 50 day simple moving average of $4.23 and a two-hundred day simple moving average of $4.52.

Intrum AB (publ) Company Profile

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.