Itaconix (LON:ITX) Stock Price Down 2.2% – Here’s Why

Itaconix plc (LON:ITX)’s share price fell 2.2% during mid-day trading on Friday . The stock traded as low as GBX 110 and last traded at GBX 110. 658 shares were traded during mid-day trading, a decline of 96% from the average session volume of 16,407 shares. The stock had previously closed at GBX 112.50.

Itaconix Trading Down 2.2%

The firm’s 50 day moving average price is GBX 115.67 and its 200-day moving average price is GBX 113.38. The company has a debt-to-equity ratio of 24.58, a current ratio of 3.43 and a quick ratio of 0.52. The stock has a market cap of £14.83 million, a P/E ratio of -10.19 and a beta of 1.29.

Insiders Place Their Bets

In other Itaconix news, insider Peter Nieuwenhuizen acquired 8,000 shares of the stock in a transaction that occurred on Friday, January 16th. The shares were acquired at an average cost of GBX 110 per share, with a total value of £8,800. 77.46% of the stock is currently owned by insiders.

About Itaconix

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.