Itaconix (LON:ITX) Releases Earnings Results

Itaconix (LON:ITX) issued its quarterly earnings results on Tuesday. The company reported GBX (0.02) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Itaconix had a negative return on equity of 15.66% and a negative net margin of 13.17%.

Itaconix Stock Up 1.2%

ITX opened at GBX 209.50 on Tuesday. The firm has a market capitalization of £28.25 million, a P/E ratio of -20.54 and a beta of 1.05. 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 company has a fifty day moving average price of GBX 161.35 and a 200-day moving average price of GBX 128.22. Itaconix has a one year low of GBX 97 and a one year high of GBX 228.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 375 price objective on shares of Itaconix in a report on Tuesday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 375.

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.