Iofina (LON:IOF) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Iofina plc (LON:IOF)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 25.80 and traded as high as GBX 45.50. Iofina shares last traded at GBX 44.39, with a volume of 1,293,103 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised Iofina to a “buy” rating and boosted their price target for the stock from GBX 45 to GBX 60 in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 60.

Iofina Stock Performance

The stock has a 50-day simple moving average of GBX 28.29 and a 200-day simple moving average of GBX 25.80. The company has a market capitalization of £89.98 million, a price-to-earnings ratio of 11.73 and a beta of 1.19. The company has a current ratio of 2.64, a quick ratio of 1.56 and a debt-to-equity ratio of 11.96.

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