Intertek Group (OTCMKTS:IKTSY) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Intertek Group plc (OTCMKTS:IKTSY)’s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $60.60 and traded as low as $59.53. Intertek Group shares last traded at $60.18, with a volume of 1,675 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. The Goldman Sachs Group raised shares of Intertek Group to a “strong-buy” rating in a report on Friday, October 11th. Royal Bank of Canada cut shares of Intertek Group from an “outperform” rating to a “sector perform” rating in a research report on Monday, October 21st.

Intertek Group Trading Down 1.3 %

The firm has a fifty day simple moving average of $60.34 and a 200-day simple moving average of $62.31.

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.