Canaccord Genuity Group Reaffirms Buy Rating for Iofina (LON:IOF)

Iofina (LON:IOF)‘s stock had its “buy” rating reissued by research analysts at Canaccord Genuity Group in a research report issued to clients and investors on Wednesday,Digital Look reports. They presently have a GBX 45 price objective on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 45.16% from the stock’s previous close.

Iofina Price Performance

IOF opened at GBX 31 on Wednesday. The stock has a 50-day moving average price of GBX 25.48 and a 200-day moving average price of GBX 24.61. Iofina has a 12-month low of GBX 20 and a 12-month high of GBX 32.95. The company has a current ratio of 2.43, a quick ratio of 1.56 and a debt-to-equity ratio of 14.85. The stock has a market capitalization of £59.48 million, a P/E ratio of 12.40 and a beta of 0.53.

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.