Itaconix (LON:ITX) Stock Price Down 0.2% – Here’s What Happened

Itaconix plc (LON:ITX) traded down 0.2% during trading on Tuesday. The stock traded as low as GBX 183.70 and last traded at GBX 183.70. 2,771 shares changed hands during trading, a decline of 86% from the average daily volume of 20,049 shares. The stock had previously closed at GBX 184.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 375 price objective on shares of Itaconix in a research note on Tuesday, September 8th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 375.

Itaconix Price Performance

The stock has a 50 day simple moving average of GBX 184.89 and a two-hundred day simple moving average of GBX 137.09. The firm has a market cap of £24.77 million, a PE ratio of -18.01 and a beta of 1.05. The company has a debt-to-equity ratio of 24.36, a quick ratio of 0.52 and a current ratio of 2.97.

Itaconix (LON:ITX) last issued its quarterly earnings data on Tuesday, September 8th. The company reported GBX (0.02) earnings per share (EPS) for the quarter. Itaconix had a negative net margin of 9.06% and a negative return on equity of 15.42%. Sell-side analysts expect that Itaconix plc will post -8.4299999 earnings per share for the current year.

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.