Itaconix plc (LON:ITX – Get Free Report) crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of GBX 189.01 and traded as high as GBX 192. Itaconix shares last traded at GBX 192, with a volume of 42,661 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 375 target price on shares of Itaconix in a report on Tuesday, September 8th. One analyst has rated the stock with a Buy rating. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 375.
Read Our Latest Stock Analysis on Itaconix
Itaconix Price Performance
The company has a 50 day moving average of GBX 189.01 and a 200 day moving average of GBX 139.98. The company has a current ratio of 2.97, a quick ratio of 0.52 and a debt-to-equity ratio of 24.36. The firm has a market cap of £24.38 million, a price-to-earnings ratio of -19.65 and a beta of 1.05.
Itaconix (LON:ITX – Get Free Report) last posted its earnings results on Tuesday, September 8th. The company reported GBX (0.02) earnings per share (EPS) for the quarter. Itaconix had a negative net margin of 9.06% and a negative return on equity of 15.42%. Equities research analysts predict that Itaconix plc will post -8.43 EPS for the current fiscal year.
Itaconix Company Profile
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.
Further Reading
- Five stocks we like better than Itaconix
- Google’s Credit Backstop May Be TeraWulf’s Biggest Advantage
- Could the Midterms Revive Medicare for All? 3 Healthcare Stocks to Watch
- Qualcomm Beat Earnings, But Its Fastest-Growing Businesses Have a Catch
- Oil, Uranium, or Renewables? 3 Energy Plays for a Changing Market
Receive News & Ratings for Itaconix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Itaconix and related companies with MarketBeat.com's FREE daily email newsletter.
