Itaconix (LON:ITX – Get Free Report) issued its quarterly earnings results on Tuesday. The company reported GBX (0.02) EPS for the quarter, Digital Look Earnings reports. Itaconix had a negative return on equity of 15.66% and a negative net margin of 13.17%.
Itaconix Price Performance
ITX stock opened at GBX 207.26 on Wednesday. The company has a debt-to-equity ratio of 24.58, a quick ratio of 0.52 and a current ratio of 3.43. The company’s fifty day moving average price is GBX 163.33 and its 200-day moving average price is GBX 128.82. Itaconix has a one year low of GBX 97 and a one year high of GBX 228. The company has a market capitalization of £27.95 million, a PE ratio of -20.32 and a beta of 1.05.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 375 price objective on shares of Itaconix in a research note on Tuesday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Itaconix has a consensus rating of “Buy” and a consensus price target of GBX 375.
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. Itaconix’s contributions to the global low carbon economy are recognised by the London Stock Exchange’s Green Economy Mark.
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