Itaconix (LON:ITX) Shares Cross Below 50 Day Moving Average – Time to Sell?

Itaconix plc (LON:ITXGet Free Report) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 109.70 and traded as low as GBX 109.50. Itaconix shares last traded at GBX 110.50, with a volume of 14,115 shares traded.

Itaconix Stock Up 0.9%

The company has a market cap of £14.90 million, a P/E ratio of -10.83 and a beta of 1.01. The stock has a 50-day moving average of GBX 109.70 and a 200 day moving average of GBX 111.83. The company has a debt-to-equity ratio of 24.58, a current ratio of 3.43 and a quick ratio of 0.52.

Insider Transactions at Itaconix

In other news, insider Peter Nieuwenhuizen acquired 3,400 shares of Itaconix stock in a transaction on Tuesday, May 5th. The shares were purchased at an average cost of GBX 109 per share, for a total transaction of £3,706. 77.49% of the stock is owned by insiders.

Itaconix Company Profile

(Get Free Report)

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.

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