Iofina (LON:IOF) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Iofina plc (LON:IOF) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 20.10 ($0.26) and traded as high as GBX 21.50 ($0.28). Iofina shares last traded at GBX 20.51 ($0.27), with a volume of 341,231 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 37.50 ($0.49) price objective on shares of Iofina in a research note on Thursday, January 23rd.

Iofina Trading Down 1.2 %

The company has a debt-to-equity ratio of 11.11, a quick ratio of 1.56 and a current ratio of 2.60. The stock has a market capitalization of £49.24 million, a PE ratio of 14.39 and a beta of 0.71. The business’s 50-day moving average is GBX 21.58 and its two-hundred day moving average is GBX 20.10.

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.