Intertape Polymer Group (OTCMKTS:ITPOF) Share Price Passes Above 50-Day Moving Average of $14.05

Intertape Polymer Group (OTCMKTS:ITPOF)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $14.05 and traded as high as $13.39. Intertape Polymer Group shares last traded at $13.39, with a volume of 100 shares traded.

Separately, BMO Capital Markets initiated coverage on shares of Intertape Polymer Group in a report on Thursday, June 27th. They issued an “outperform” rating on the stock.

The stock has a market capitalization of $788.52 million, a PE ratio of 15.43 and a beta of 1.22. The company has a quick ratio of 1.12, a current ratio of 2.49 and a debt-to-equity ratio of 2.10. The firm has a fifty day moving average price of $14.04.

Intertape Polymer Group (OTCMKTS:ITPOF) last announced its quarterly earnings results on Thursday, May 9th. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. Intertape Polymer Group had a net margin of 4.41% and a return on equity of 20.12%. The firm had revenue of $277.82 million for the quarter.

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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