Intertape Polymer Group (ITPOF) Lowered to Sell at ValuEngine

ValuEngine downgraded shares of Intertape Polymer Group (OTCMKTS:ITPOF) from a hold rating to a sell rating in a research report sent to investors on Monday morning.

Intertape Polymer Group opened at $14.61 on Monday, according to MarketBeat Ratings. Intertape Polymer Group has a 1 year low of $14.11 and a 1 year high of $20.05. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.49 and a quick ratio of 1.10. The firm has a market capitalization of $830.95 million, a PE ratio of 16.06 and a beta of 1.11.

Intertape Polymer Group (OTCMKTS:ITPOF) last posted its earnings results on Thursday, May 10th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.07). Intertape Polymer Group had a return on equity of 20.91% and a net margin of 6.69%. The firm had revenue of $237.23 million during the quarter.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, June 14th. This represents a $0.56 annualized dividend and a yield of 3.83%.

About Intertape Polymer Group

Intertape Polymer Group Inc operates in the specialty packaging industry. The Company develops, manufactures and sells a range of paper and film-based pressure sensitive and water activated tapes, polyethylene and specialized polyolefin packaging films, woven coated fabrics and complementary packaging systems for industrial and retail use.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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