Iofina (LON:IOF) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Iofina plc (LON:IOF – Get Free Report) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 49.16 and traded as low as GBX 46. Iofina shares last traded at GBX 47.90, with a volume of 336,995 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 70 price objective on shares of Iofina in a research report on Friday, October 16th. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat, Iofina has a consensus rating of “Buy” and a consensus price target of GBX 70.

Read Our Latest Report on Iofina

Iofina Trading Down 2.2%

The company has a 50 day simple moving average of GBX 52.32 and a 200 day simple moving average of GBX 49.16. The company has a current ratio of 2.57, a quick ratio of 1.56 and a debt-to-equity ratio of 10.80. The stock has a market capitalization of £91.90 million, a PE ratio of 10.64 and a beta of 0.96.

Iofina (LON:IOF – Get Free Report) last announced its earnings results on Monday, September 21st. The company reported GBX 1.80 earnings per share for the quarter. Iofina had a return on equity of 15.30% and a net margin of 12.91%. Analysts predict that Iofina plc will post 1.82 earnings per share for the current fiscal year.

Iofina Company Profile

(Get Free Report)

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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