Iofina (LON:IOF) Issues Quarterly Earnings Results

Iofina (LON:IOF) posted its quarterly earnings data on Monday. The company reported GBX 1.80 EPS for the quarter, Digital Look Earnings reports. Iofina had a net margin of 11.84% and a return on equity of 14.89%.

Iofina Price Performance

IOF opened at GBX 54.65 on Monday. The firm has a market cap of £104.85 million, a P/E ratio of 13.66 and a beta of 0.88. The firm has a 50-day moving average of GBX 53.82 and a 200 day moving average of GBX 44.29. The company has a debt-to-equity ratio of 11.96, a quick ratio of 1.56 and a current ratio of 2.64. Iofina has a fifty-two week low of GBX 20 and a fifty-two week high of GBX 60.12.

Insider Buying and Selling

In related news, insider Tim Hughes acquired 20,003 shares of the stock in a transaction on Monday, June 29th. The shares were acquired at an average price of GBX 50 per share, with a total value of £10,001.50. Corporate insiders own 13.44% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group boosted their target price on Iofina from GBX 65 to GBX 70 and gave the stock a “buy” rating in a research note on Monday, September 14th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Iofina has a consensus rating of “Buy” and a consensus target price of GBX 70.

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.