Iofina (LON:IOF) Releases Earnings Results

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

Iofina Trading Up 5.1%

Iofina stock opened at GBX 54.65 on Monday. The company has a debt-to-equity ratio of 11.96, a quick ratio of 1.56 and a current ratio of 2.64. The firm has a market cap of £104.85 million, a price-to-earnings ratio of 13.66 and a beta of 0.88. Iofina has a 1 year low of GBX 20 and a 1 year high of GBX 60.12. The firm’s 50 day moving average price is GBX 53.82 and its two-hundred day moving average price is GBX 44.29.

Insider Activity at Iofina

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

Wall Street Analyst Weigh In

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

About Iofina

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.