Iofina (LON:IOF) Share Price Passes Below Two Hundred Day Moving Average of $23.81

Shares of Iofina plc (LON:IOF) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 23.81 ($0.30) and traded as low as GBX 20.01 ($0.25). Iofina shares last traded at GBX 20.75 ($0.26), with a volume of 137,466 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 35 ($0.44) price objective on shares of Iofina in a report on Thursday, May 2nd.

Iofina Price Performance

The stock has a 50 day moving average of GBX 21.42 and a two-hundred day moving average of GBX 23.81. The company has a debt-to-equity ratio of 13.05, a quick ratio of 1.56 and a current ratio of 2.80. The firm has a market capitalization of £40.37 million, a P/E ratio of 691.67 and a beta of 0.66.

Iofina Company Profile

Iofina plc develops, explores for, and produces iodine and halogen-based specialty chemical derivatives in the United States and the United Kingdom. It offers halogen chemicals, disinfectants, electronic specialty gases, sanitizers, heat stabilizers, preservatives, and specialty intermediates, as well as animal health, mineral separation, and odor control products for use in electronics/semiconductor, pharmaceutical, food and beverage, personal care, paints and coatings, dairy, chemical intermediates, gemological, fish and wildlife, and nylon markets.