Canaccord Genuity Group Trims Iofina (LON:IOF) Target Price to GBX 35

Iofina (LON:IOF) had its price objective trimmed by Canaccord Genuity Group from GBX 40 ($0.50) to GBX 35 ($0.44) in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has a buy rating on the stock.

Iofina Stock Down 4.9 %

Shares of IOF opened at GBX 19.50 ($0.24) on Tuesday. The company has a debt-to-equity ratio of 15.43, a quick ratio of 1.56 and a current ratio of 2.78. Iofina has a one year low of GBX 18.68 ($0.23) and a one year high of GBX 38 ($0.47). The stock has a market capitalization of £37.41 million, a price-to-earnings ratio of 487.50 and a beta of 0.66. The stock has a 50 day moving average price of GBX 22.86 and a 200 day moving average price of GBX 24.39.

Iofina Company Profile

Iofina plc develops, explores for, and produces iodine and halogen-based specialty chemical derivatives in the United States and the United Kingdom. It offers halogen chemicals, disinfectants, electronic specialty gases, sanitizers, heat stabilizers, preservatives, and specialty intermediates, as well as animal health, mineral separation, and odor control products for use in electronics/semiconductor, pharmaceutical, food and beverage, personal care, paints and coatings, dairy, chemical intermediates, gemological, fish and wildlife, and nylon markets.