Iofina (LON:IOF) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Iofina plc (LON:IOF)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 24.36 and traded as high as GBX 26.50. Iofina shares last traded at GBX 26.39, with a volume of 142,857 shares trading hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group upped their target price on shares of Iofina from GBX 40 to GBX 45 and gave the company a “buy” rating in a research note on Monday, December 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 45.

Iofina Stock Up 1.5%

The company has a market capitalization of £50.63 million, a P/E ratio of 10.56 and a beta of 0.71. The company has a quick ratio of 1.56, a current ratio of 2.60 and a debt-to-equity ratio of 11.11. The firm has a fifty day simple moving average of GBX 26.06 and a 200-day simple moving average of GBX 24.36.

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.