Iofina (LON:IOF) Shares Pass Below 200 Day Moving Average – What’s Next?

Shares of Iofina plc (LON:IOF) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 24.30 and traded as low as GBX 23.99. Iofina shares last traded at GBX 23.99, with a volume of 122,793 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group boosted their target price on shares of Iofina from GBX 40 to GBX 45 and gave the stock a “buy” rating in a report on Monday, December 8th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 45.

Iofina Trading Down 0.0%

The stock has a market cap of £46.03 million, a PE ratio of 9.60 and a beta of 0.49. The company has a debt-to-equity ratio of 14.85, a quick ratio of 1.56 and a current ratio of 2.43. The stock has a fifty day moving average price of GBX 25.69 and a 200 day moving average price of GBX 24.30.

Iofina Company Profile

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.