Itaconix (LON:ITX) Stock Passes Above 50 Day Moving Average – Here’s What Happened

Itaconix plc (LON:ITX)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 108.98 and traded as high as GBX 109.90. Itaconix shares last traded at GBX 109.90, with a volume of 3,044 shares traded.

Itaconix Stock Performance

The company has a market cap of £14.82 million, a P/E ratio of -10.77 and a beta of 1.25. The company has a 50 day moving average price of GBX 108.98 and a 200-day moving average price of GBX 113.23. The company has a quick ratio of 0.52, a current ratio of 3.43 and a debt-to-equity ratio of 24.58.

Insider Activity

In other Itaconix news, insider Peter Nieuwenhuizen purchased 3,400 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was bought at an average price of GBX 109 per share, with a total value of £3,706. Insiders own 77.46% of the company’s stock.

Itaconix Company Profile

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. Itaconix’s contributions to the global low carbon economy are recognised by the London Stock Exchange’s Green Economy Mark.