Tim Hughes Buys 20,003 Shares of Iofina (LON:IOF) Stock

Iofina plc (LON:IOF) insider Tim Hughes acquired 20,003 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was purchased at an average price of GBX 50 per share, with a total value of £10,001.50.

Iofina Stock Performance

Iofina stock opened at GBX 49.74 on Tuesday. The firm’s 50 day simple moving average is GBX 45.53 and its 200 day simple moving average is GBX 32.70. The firm has a market capitalization of £95.43 million, a PE ratio of 12.44 and a beta of 0.86. The company has a current ratio of 2.64, a quick ratio of 1.56 and a debt-to-equity ratio of 11.96. Iofina plc has a 1-year low of GBX 20 and a 1-year high of GBX 59.

Iofina (LON:IOF) last issued its quarterly earnings data on Thursday, April 30th. The company reported GBX 4.10 earnings per share (EPS) for the quarter. The company had revenue of GBX 6,651 million for the quarter. Iofina had a return on equity of 14.89% and a net margin of 11.84%. As a group, analysts expect that Iofina plc will post 1.8160377 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group raised Iofina to a “buy” rating and boosted their price objective for the stock from GBX 45 to GBX 60 in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Iofina has a consensus rating of “Buy” and a consensus target price of GBX 60.

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.