Itaconix (LON:ITX) Trading 3.8% Higher – Should You Buy?

Itaconix plc (LON:ITX)’s stock price traded up 3.8% during mid-day trading on Thursday . The company traded as high as GBX 122 and last traded at GBX 121.95. 9,224 shares changed hands during mid-day trading, an increase of 7% from the average session volume of 8,604 shares. The stock had previously closed at GBX 117.50.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 325 price objective on shares of Itaconix in a research report on Monday, September 15th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 325.

Itaconix Trading Down 1.4%

The company has a market capitalization of £15.82 million, a price-to-earnings ratio of -10.86 and a beta of 1.74. The company has a current ratio of 6.34, a quick ratio of 0.52 and a debt-to-equity ratio of 20.71. The business’s 50 day moving average price is GBX 111.11 and its two-hundred day moving average price is GBX 116.93.

Itaconix (LON:ITX) last released its quarterly earnings data on Monday, September 15th. The company reported GBX (0.03) earnings per share (EPS) for the quarter. Itaconix had a negative return on equity of 18.31% and a negative net margin of 28.24%. On average, equities analysts predict that Itaconix plc will post -8.4299999 earnings per share for the current fiscal year.

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.