Iofina (LON:IOF) Releases Quarterly Earnings Results

Iofina (LON:IOF) announced its earnings results 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 Stock Up 6.5%

Shares of IOF opened at GBX 55.40 on Monday. The firm has a 50 day simple moving average of GBX 53.82 and a two-hundred day simple moving average of GBX 44.29. The company has a debt-to-equity ratio of 11.96, a current ratio of 2.64 and a quick ratio of 1.56. Iofina has a one year low of GBX 20 and a one year high of GBX 60.12. The company has a market cap of £106.29 million, a P/E ratio of 13.85 and a beta of 0.88.

Insider Buying and Selling

In other news, insider Tim Hughes acquired 20,003 shares of Iofina stock in a transaction that occurred on Monday, June 29th. The shares were acquired at an average price of GBX 50 per share, for a total transaction of £10,001.50. Insiders own 13.44% of the company’s stock.

Wall Street Analyst Weigh In

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