Itafos (CVE:IFOS) Stock Falls 4% – Should You Sell?

Shares of Itafos Inc. (CVE:IFOS) traded down 4% during trading on Monday. The stock traded as low as C$2.16 and last traded at C$2.17. 78,271 shares traded hands during trading, a decline of 50% from the average session volume of 157,215 shares. The stock had previously closed at C$2.26.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial dropped their target price on shares of Itafos from C$4.50 to C$3.75 and set an “outperform” rating for the company in a report on Monday, August 24th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$3.75.

Itafos Stock Performance

The firm has a market capitalization of C$422.67 million, a PE ratio of 8.35 and a beta of 0.03. The company has a debt-to-equity ratio of 19.32, a quick ratio of 0.72 and a current ratio of 2.12. The business’s fifty day simple moving average is C$2.33 and its 200-day simple moving average is C$2.72.

Itafos Company Profile

Itafos Inc operates as a phosphate and specialty fertilizer company. It operates through Conda, Arrais, and Development and Exploration segments. The company produces and sells monoammonium phosphate (MAP), MAP with micronutrients, superphosphoric acid, merchant grade phosphoric acid, ammonium polyphosphate, hydrofluorosilicic acid, direct application phosphate rock, single superphosphate (SSP), SSP with micronutrients, and sulfuric acid. It also owns interests in the Farim, a phosphate mine project situated in Farim, Guinea-Bissau; Araxá, a rare earth element and niobium mine and extraction plant project that is situated in Minas Gerais, Brazil; Arraias, an integrated phosphate fertilizer project located in Tocantins, Brazil; and Santana, an integrated phosphate mine and fertilizer plant project located in Pará, Brazil.