Iofina (LON:IOF) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

Iofina plc (LON:IOF) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 24.69 and traded as high as GBX 26.80. Iofina shares last traded at GBX 26.05, with a volume of 138,747 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group boosted their price objective on shares of Iofina from GBX 40 to GBX 45 and gave the stock a “buy” rating in a research note on Monday, December 8th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Iofina presently has a consensus rating of “Buy” and a consensus price target of GBX 45.

Iofina Stock Down 1.9%

The business’s fifty day moving average price is GBX 24.69 and its two-hundred day moving average price is GBX 24.37. 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 firm has a market capitalization of £49.88 million, a P/E ratio of 10.40 and a beta of 0.71.

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.