Iofina (LON:IOF) Stock Price Crosses Above 200 Day Moving Average – What’s Next?
by Teresa Graham · The Cerbat GemIofina plc (LON:IOF – Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 24.86 and traded as high as GBX 33.40. Iofina shares last traded at GBX 32.45, with a volume of 1,093,820 shares traded.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 45 price objective on shares of Iofina in a research note on Wednesday, April 15th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Iofina presently has a consensus rating of “Buy” and a consensus price target of GBX 45.
Get Our Latest Analysis on IOF
Iofina Stock Performance
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 market cap of £64.95 million, a P/E ratio of 13.54 and a beta of 0.53. The firm’s 50 day moving average is GBX 26.31 and its 200 day moving average is GBX 24.99.
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.