Iofina (LON:IOF) Earns Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Iofina (LON:IOF) in a research report sent to investors on Thursday morning, Marketbeat reports. The brokerage currently has a GBX 35 ($0.44) price objective on the stock.

Iofina Stock Performance

LON:IOF opened at GBX 19.50 ($0.24) on Thursday. The company has a market capitalization of £37.41 million, a PE ratio of 487.50 and a beta of 0.66. The company has a 50 day simple moving average of GBX 21.74 and a two-hundred day simple moving average of GBX 23.92. The company has a debt-to-equity ratio of 15.43, a quick ratio of 1.56 and a current ratio of 2.78. Iofina has a fifty-two week low of GBX 18.68 ($0.23) and a fifty-two week high of GBX 38 ($0.48).

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.