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 return on equity of 15.30% and a net margin of 12.91%.

Iofina Price Performance

LON:IOF traded down GBX 0.35 during mid-day trading on Friday, reaching GBX 51.65. The stock had a trading volume of 1,089,607 shares, compared to its average volume of 549,648. The stock has a 50-day simple moving average of GBX 53.49 and a two-hundred day simple moving average of GBX 45.16. Iofina has a 12 month low of GBX 20 and a 12 month high of GBX 60.12. The company has a debt-to-equity ratio of 10.80, a current ratio of 2.57 and a quick ratio of 1.56. The stock has a market capitalization of £99.09 million, a PE ratio of 12.91 and a beta of 0.88.

Insider Activity

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

Wall Street Analysts Forecast Growth

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