Itaconix (LON:ITX) Trading Up 0.2% – Time to Buy?

Itaconix plc (LON:ITXGet Free Report) shares were up 0.2% during mid-day trading on Monday . The company traded as high as GBX 115.25 and last traded at GBX 110.22. Approximately 543 shares were traded during trading, a decline of 96% from the average daily volume of 14,303 shares. The stock had previously closed at GBX 110.

Itaconix Stock Down 2.8%

The company has a current ratio of 3.43, a quick ratio of 0.52 and a debt-to-equity ratio of 24.58. The business has a 50-day moving average price of GBX 108.14 and a 200-day moving average price of GBX 112.75. The firm has a market cap of £15.10 million, a P/E ratio of -10.98 and a beta of 1.25.

Insider Buying and Selling at Itaconix

In related news, insider Peter Nieuwenhuizen acquired 3,400 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was purchased at an average cost of GBX 109 per share, for a total transaction of £3,706. 77.49% of the stock is owned by company insiders.

Itaconix Company Profile

(Get Free Report)

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.

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