Iofina (LON:IOF) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Iofina plc (LON:IOF) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 36.29 and traded as high as GBX 59.88. Iofina shares last traded at GBX 59.88, with a volume of 302,797 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group increased their price objective on shares of Iofina from GBX 60 to GBX 65 and gave the company a “buy” rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 65.

Iofina Trading Up 5.1%

The company has a current ratio of 2.64, a quick ratio of 1.56 and a debt-to-equity ratio of 11.96. The firm has a 50-day moving average price of GBX 51.22 and a 200-day moving average price of GBX 36.29. The company has a market capitalization of £114.88 million, a price-to-earnings ratio of 14.97 and a beta of 0.86.

Iofina (LON:IOF) last announced its quarterly earnings data on Thursday, April 30th. The company reported GBX 4.10 earnings per share for the quarter. Iofina had a return on equity of 14.89% and a net margin of 11.84%.The business had revenue of GBX 6,651 million during the quarter. As a group, sell-side analysts predict that Iofina plc will post 1.8160377 EPS for the current year.

Insiders Place Their Bets

In other Iofina news, insider Tim Hughes purchased 20,003 shares of the business’s stock in a transaction on Monday, June 29th. The stock was bought at an average cost of GBX 50 per share, with a total value of £10,001.50. Insiders own 13.44% of the company’s stock.

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.