Iofina plc (LON:IOF – Get Free Report)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 37.64 and traded as high as GBX 60. Iofina shares last traded at GBX 55.99, with a volume of 469,300 shares traded.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group lifted their price target on shares of Iofina from GBX 60 to GBX 65 and gave the company a “buy” rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Iofina has an average rating of “Buy” and an average target price of GBX 65.
Read Our Latest Stock Analysis on IOF
Iofina Trading Up 0.6%
Iofina (LON:IOF – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported GBX 4.10 earnings per share (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. Equities research analysts expect that Iofina plc will post 1.8160377 earnings per share for the current year.
Insider Buying and Selling
In other Iofina news, insider Tim Hughes acquired 20,003 shares of the business’s stock in a transaction on Monday, June 29th. The shares were acquired at an average price of GBX 50 per share, for a total transaction of £10,001.50. 13.44% of the stock is owned by insiders.
About Iofina
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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