Iofina (LON:IOF) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened
by Amy Steele · The Cerbat GemIofina plc (LON:IOF – Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 24.26 and traded as low as GBX 24. Iofina shares last traded at GBX 25.70, with a volume of 427,795 shares changing hands.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group boosted their price target on Iofina from GBX 40 to GBX 45 and gave the stock a “buy” rating in a research report on Monday, December 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Iofina currently has a consensus rating of “Buy” and a consensus target price of GBX 45.
Check Out Our Latest Report on Iofina
Iofina Price Performance
The stock has a market capitalization of £49.31 million, a price-to-earnings ratio of 10.28 and a beta of 0.49. The business’s 50-day moving average is GBX 24.96 and its two-hundred day moving average is GBX 24.27. The company has a quick ratio of 1.56, a current ratio of 2.43 and a debt-to-equity ratio of 14.85.
Iofina Company Profile
Iofina plc is a vertically integrated company that specialises in the production of Iodine and the manufacturing of specialty chemical products and derivatives. Iofina is the second largest producer of iodine in North America and operates the manufacturing entities, Iofina Resources, and Iofina Chemical.