Itaconix (LON:ITX – Free Report) had its price objective boosted by Canaccord Genuity Group from GBX 325 to GBX 375 in a report released on Friday, Marketbeat reports. The brokerage currently has a buy rating on the stock.
Itaconix Stock Performance
Shares of ITX opened at GBX 151 on Friday. Itaconix has a 12 month low of GBX 97 and a 12 month high of GBX 151. The company has a current ratio of 3.43, a quick ratio of 0.52 and a debt-to-equity ratio of 24.58. The company has a market cap of £20.36 million, a price-to-earnings ratio of -14.80 and a beta of 0.97. The business’s fifty day simple moving average is GBX 110.91 and its two-hundred day simple moving average is GBX 112.16.
Insider Activity
In related news, insider Peter Nieuwenhuizen purchased 3,400 shares of Itaconix stock in a transaction dated Tuesday, May 5th. The shares were acquired at an average price of GBX 109 per share, for a total transaction of £3,706. 77.49% of the stock is owned by company insiders.
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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