Iofina (LON:IOF) Share Price Passes Below 200-Day Moving Average of $23.81

Shares of Iofina plc (LON:IOF) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 23.81 ($0.30) and traded as low as GBX 20.01 ($0.25). Iofina shares last traded at GBX 20.75 ($0.26), with a volume of 137,466 shares trading hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 35 ($0.44) price target on shares of Iofina in a research note on Thursday, May 2nd.

Iofina Stock Performance

The firm has a market capitalization of £40.37 million, a PE ratio of 691.67 and a beta of 0.66. The company has a debt-to-equity ratio of 13.05, a current ratio of 2.80 and a quick ratio of 1.56. The stock has a 50-day moving average price of GBX 21.42 and a 200-day moving average price of GBX 23.81.

Iofina Company Profile

Iofina plc develops, explores for, and produces iodine and halogen-based specialty chemical derivatives in the United States and the United Kingdom. It offers halogen chemicals, disinfectants, electronic specialty gases, sanitizers, heat stabilizers, preservatives, and specialty intermediates, as well as animal health, mineral separation, and odor control products for use in electronics/semiconductor, pharmaceutical, food and beverage, personal care, paints and coatings, dairy, chemical intermediates, gemological, fish and wildlife, and nylon markets.