Iofina (LON:IOF) Posts Earnings Results

Iofina (LON:IOF) released its earnings results on Monday. The company reported GBX 1.80 earnings per share (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 Price Performance

Shares of IOF stock traded down GBX 1.25 on Wednesday, reaching GBX 53.25. The company’s stock had a trading volume of 876,942 shares, compared to its average volume of 551,831. The stock’s fifty day simple moving average is GBX 53.77 and its 200-day simple moving average is GBX 44.72. Iofina has a 1 year low of GBX 20 and a 1 year high of GBX 60.12. The company has a market capitalization of £102.16 million, a price-to-earnings ratio of 13.31 and a beta of 0.88. The company has a current ratio of 2.64, a quick ratio of 1.56 and a debt-to-equity ratio of 11.96.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

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