Itaconix (LON:ITX) Stock Price Down 2.2% – Here’s What Happened
by Scott Moore · The Cerbat GemShares of Itaconix plc (LON:ITX – Get Free Report) were down 2.2% during mid-day trading on Friday . The stock traded as low as GBX 110 and last traded at GBX 110. Approximately 658 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 16,407 shares. The stock had previously closed at GBX 112.50.
Itaconix Trading Down 2.2%
The firm has a market cap of £14.83 million, a PE ratio of -10.19 and a beta of 1.29. The company has a 50-day simple moving average of GBX 115.67 and a 200 day simple moving average of GBX 113.50. The company has a current ratio of 3.43, a quick ratio of 0.52 and a debt-to-equity ratio of 24.58.
Insider Buying and Selling
In other news, insider Peter Nieuwenhuizen purchased 8,000 shares of the stock in a transaction dated Friday, January 16th. The shares were purchased at an average cost of GBX 110 per share, with a total value of £8,800. Company insiders own 77.46% of the company’s stock.
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.