Intertape Polymer Group (OTCMKTS:ITPOF) Stock Price Crosses Above Fifty Day Moving Average of $12.93

Shares of Intertape Polymer Group (OTCMKTS:ITPOF) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $12.93 and traded as high as $12.79. Intertape Polymer Group shares last traded at $12.79, with a volume of 300 shares changing hands.

Separately, BMO Capital Markets started coverage on shares of Intertape Polymer Group in a research note on Thursday, June 27th. They issued an “outperform” rating for the company.

The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.17 and a current ratio of 2.52. The firm’s 50 day moving average is $12.93 and its 200-day moving average is $13.64. The firm has a market cap of $753.04 million, a price-to-earnings ratio of 14.87 and a beta of 1.29.

Intertape Polymer Group (OTCMKTS:ITPOF) last released its quarterly earnings data on Thursday, August 8th. The industrial products company reported $0.21 earnings per share (EPS) for the quarter. Intertape Polymer Group had a net margin of 3.47% and a return on equity of 19.21%. The business had revenue of $295.61 million during the quarter.

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.147 per share. This is a positive change from Intertape Polymer Group’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.59 dividend on an annualized basis and a yield of 4.60%.

Intertape Polymer Group Company Profile (OTCMKTS:ITPOF)

Intertape Polymer Group Inc, together with its subsidiaries, operates in the packaging industry in Canada, the United States, and internationally. It develops, manufactures, and sells various paper and film based pressure sensitive and water activated tapes, polyethylene and specialized polyolefin films, woven coated fabrics, and complementary packaging systems for industrial and retail use.

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