Iofina plc (LON:IOF – Get Free Report)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 47.88 and traded as high as GBX 57. Iofina shares last traded at GBX 56, with a volume of 1,181,223 shares.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group raised Iofina to a “buy” rating and increased their target price 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, the stock currently has an average rating of “Buy” and an average target price of GBX 60.
Check Out Our Latest Report on Iofina
Iofina Trading Up 2.3%
Iofina (LON:IOF – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported GBX 4.10 earnings per share (EPS) for the quarter. The firm had revenue of GBX 6,651 million during the quarter. Iofina had a net margin of 11.84% and a return on equity of 14.89%. As a group, equities analysts forecast that Iofina plc will post 1.8160377 earnings per share for the current fiscal year.
Insider Buying and Selling at Iofina
In related news, insider Tim Hughes purchased 20,003 shares of the firm’s stock in a transaction on Monday, June 29th. The stock was purchased at an average cost of GBX 50 per share, with a total value of £10,001.50. 13.44% of the stock is owned by corporate insiders.
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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