Iofina (LON:IOF) Announces Earnings Results

Iofina (LON:IOF) announced its quarterly earnings data on Monday. The company reported GBX 1.80 EPS for the quarter, Digital Look Earnings reports. Iofina had a return on equity of 14.89% and a net margin of 11.84%.

Iofina Stock Performance

IOF stock opened at GBX 54 on Wednesday. Iofina has a 1-year low of GBX 20 and a 1-year high of GBX 60.12. The business has a 50-day moving average price of GBX 53.77 and a 200 day moving average price of GBX 44.72. The company has a market capitalization of £103.60 million, a P/E ratio of 13.50 and a beta of 0.88. The company has a debt-to-equity ratio of 11.96, a current ratio of 2.64 and a quick ratio of 1.56.

Insider Buying and Selling

In other Iofina news, insider Tim Hughes purchased 20,003 shares of Iofina stock in a transaction dated Monday, June 29th. The stock was acquired at an average price of GBX 50 per share, for a total transaction of £10,001.50. Company insiders own 13.44% of the company’s stock.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lifted their price objective on shares of Iofina from GBX 65 to GBX 70 and gave the company a “buy” rating in a report on Monday, September 14th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Iofina presently has a consensus rating of “Buy” and an average price target of GBX 70.

Iofina Company Profile

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.