Iofina plc (LON:IOF – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 32.45 and traded as high as GBX 53.31. Iofina shares last traded at GBX 53.31, with a volume of 975,002 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group upgraded Iofina to a “buy” rating and upped their price target for the stock from GBX 45 to GBX 60 in a report on Thursday, April 30th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Iofina presently has a consensus rating of “Buy” and a consensus target price of GBX 60.
Get Our Latest Stock Report on Iofina
Iofina Stock Up 0.6%
Iofina (LON:IOF – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported GBX 4.10 EPS for the quarter. Iofina had a net margin of 11.84% and a return on equity of 14.89%. The company had revenue of GBX 6,651 million during the quarter. As a group, analysts predict that Iofina plc will post 1.8160377 EPS for the current year.
Iofina Company Profile
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.
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