Iofina (LON:IOF) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Iofina plc (LON:IOFGet Free Report)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 23.97 and traded as low as GBX 21.53. Iofina shares last traded at GBX 22, with a volume of 184,659 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lifted their price objective on shares of Iofina from GBX 38 to GBX 40 and gave the stock a “buy” rating in a report on Thursday, September 18th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 40.

Check Out Our Latest Report on IOF

Iofina Stock Performance

The company has a debt-to-equity ratio of 11.11, a quick ratio of 1.56 and a current ratio of 2.60. The company has a market cap of £42.21 million, a PE ratio of 8.80 and a beta of 0.71. The business’s 50-day moving average is GBX 22.55 and its 200 day moving average is GBX 23.97.

About Iofina

(Get Free Report)

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.

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