Itaconix (LON:ITX) Shares Pass Below 50 Day Moving Average – Here’s Why

Itaconix plc (LON:ITXGet Free Report) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 147.27 ($1.90) and traded as low as GBX 115 ($1.49). Itaconix shares last traded at GBX 120 ($1.55), with a volume of 19,657 shares traded.

Itaconix Trading Down 2.8 %

The stock has a market capitalization of £16.18 million, a PE ratio of -10.86 and a beta of 1.74. The stock’s 50 day moving average price is GBX 147.27 and its 200-day moving average price is GBX 141.94. The company has a quick ratio of 0.52, a current ratio of 6.34 and a debt-to-equity ratio of 20.71.

Itaconix Company Profile

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Itaconix uses its proprietary plant-based polymer technology platform to produce and sell specialty ingredients that improve the safety, performance, and sustainability of consumer products. The Company’s current ingredients are enabling and leading new generations of products in detergents, hygiene, and hair care.

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