Itaconix (LON:ITX) Stock Falls 1.1% – Should You Sell?
by Sarita Garza · The Markets DailyItaconix plc (LON:ITX – Get Free Report) was down 1.1% during trading on Tuesday. The stock traded as low as GBX 177 and last traded at GBX 180. 16,799 shares were traded during mid-day trading, a decline of 15% from the average daily volume of 19,843 shares. The stock had previously closed at GBX 182.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 375 target price on shares of Itaconix in a research note on Tuesday, September 8th. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 375.
View Our Latest Research Report on ITX
Itaconix Stock Performance
The company has a debt-to-equity ratio of 24.36, a current ratio of 2.97 and a quick ratio of 0.52. The stock has a market cap of £24.07 million, a price-to-earnings ratio of -19.40 and a beta of 1.05. The firm has a fifty day moving average of GBX 191.27 and a 200 day moving average of GBX 145.74.
Itaconix (LON:ITX – Get Free Report) last announced its quarterly earnings data on Tuesday, September 8th. The company reported GBX (0.02) EPS for the quarter. Itaconix had a negative return on equity of 15.42% and a negative net margin of 9.06%. As a group, sell-side analysts forecast that Itaconix plc will post -8.43 EPS for the current year.
Itaconix Company Profile
Itaconix uses its proprietary plant-based polymer technology platform to produce and sell specialty ingredients that improve the safety, performance, and sustainability of consumer products. The Company’s current ingredients are enabling and leading new generations of products in detergents, hygiene, and hair care. Itaconix’s contributions to the global low carbon economy are recognised by the London Stock Exchange’s Green Economy Mark.