Itaconix (LON:ITX – Get Free Report) announced its quarterly earnings results on Tuesday. The company reported GBX (0.02) EPS for the quarter, Digital Look Earnings reports. Itaconix had a negative net margin of 13.17% and a negative return on equity of 15.66%.
Itaconix Stock Down 2.9%
LON:ITX opened at GBX 202 on Wednesday. The company’s 50-day simple moving average is GBX 163.33 and its 200-day simple moving average is GBX 128.82. The company has a debt-to-equity ratio of 24.58, a quick ratio of 0.52 and a current ratio of 3.43. Itaconix has a fifty-two week low of GBX 97 and a fifty-two week high of GBX 228. The stock has a market capitalization of £27.24 million, a P/E ratio of -19.80 and a beta of 1.05.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 375 target price on shares of Itaconix in a report on Tuesday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Itaconix has a consensus rating of “Buy” and a consensus price target of GBX 375.
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.
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