Iofina (LON:IOF) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Iofina plc (LON:IOF)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 32.45 and traded as high as GBX 53.31. Iofina shares last traded at GBX 53.31, with a volume of 975,002 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group upgraded Iofina to a “buy” rating and lifted their target price for the company from GBX 45 to GBX 60 in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Iofina has an average rating of “Buy” and an average target price of GBX 60.

Iofina Price Performance

The company has a current ratio of 2.64, a quick ratio of 1.56 and a debt-to-equity ratio of 11.96. The stock has a fifty day simple moving average of GBX 45.15 and a two-hundred day simple moving average of GBX 32.45. The company has a market cap of £102.28 million, a PE ratio of 13.33 and a beta of 0.86.

Iofina (LON:IOF) last issued its earnings results on Thursday, April 30th. The company reported GBX 4.10 earnings per share (EPS) for the quarter. The business had revenue of GBX 6,651 million during the quarter. Iofina had a return on equity of 14.89% and a net margin of 11.84%. On average, equities analysts predict that Iofina plc will post 1.8160377 EPS for the current fiscal year.

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.