Iofina (LON:IOF) Releases Earnings Results

Iofina (LON:IOF) posted its quarterly earnings data on Monday. The company reported GBX 1.80 EPS for the quarter, Digital Look Earnings reports. Iofina had a net margin of 12.91% and a return on equity of 15.30%.

Iofina Stock Performance

Shares of IOF stock remained flat at GBX 53 during trading hours on Thursday. 356,630 shares of the stock traded hands, compared to its average volume of 547,428. The company’s fifty day simple moving average is GBX 53.70 and its 200 day simple moving average is GBX 44.92. The stock has a market capitalization of £101.68 million, a price-to-earnings ratio of 13.25 and a beta of 0.88. The company has a debt-to-equity ratio of 10.80, a quick ratio of 1.56 and a current ratio of 2.57. Iofina has a one year low of GBX 20 and a one year high of GBX 60.12.

Analyst Ratings Changes

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

Insider Transactions at Iofina

In related news, insider Tim Hughes bought 20,003 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The shares were acquired at an average cost of GBX 50 per share, with a total value of £10,001.50. 13.44% of the stock is currently owned by corporate insiders.

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.