Itaconix (LON:ITX) Shares Up 3.8% – Still a Buy?

Itaconix plc (LON:ITX) shares were up 3.8% during trading on Thursday . The stock traded as high as GBX 122 and last traded at GBX 121.95. Approximately 9,224 shares changed hands during trading, an increase of 7% from the average daily volume of 8,604 shares. The stock had previously closed at GBX 117.50.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 325 target price on shares of Itaconix in a report on Monday, September 15th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 325.

Itaconix Price Performance

The stock has a market capitalization of £16.45 million, a PE ratio of -11.29 and a beta of 1.74. The firm’s fifty day moving average price is GBX 110.88 and its two-hundred day moving average price is GBX 116.71. 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 (LON:ITX) last posted its earnings results on Monday, September 15th. The company reported GBX (0.03) EPS for the quarter. Itaconix had a negative return on equity of 18.31% and a negative net margin of 28.24%. On average, equities analysts predict that Itaconix plc will post -8.4299999 earnings per share for the current year.

About Itaconix

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.