Intertek Gp (OTCMKTS:IKTSY) Reaches New 52-Week High – Here’s Why

Intertek Gp (OTCMKTS:IKTSY)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $80.35 and last traded at $80.35, with a volume of 233 shares traded. The stock had previously closed at $78.9940.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Kepler Capital Markets upgraded Intertek Gp to a “hold” rating in a research note on Monday, May 18th. Jefferies Financial Group lowered Intertek Gp from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Intertek Gp Stock Performance

The company has a current ratio of 1.08, a quick ratio of 1.06 and a debt-to-equity ratio of 1.03. The stock’s 50 day simple moving average is $78.24 and its 200 day simple moving average is $68.46.

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.