Itafos (CVE:IFOS) Stock Price Down 4% – Time to Sell?

Itafos Inc. (CVE:IFOS)’s share price fell 4% during trading on Monday. The stock traded as low as C$2.16 and last traded at C$2.17. Approximately 78,271 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 157,215 shares. The stock had previously closed at C$2.26.

Analyst Ratings Changes

Separately, Raymond James Financial lowered their price target on Itafos from C$4.50 to C$3.75 and set an “outperform” rating on the stock in a report on Monday, August 24th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$3.75.

Itafos Trading Down 0.5%

The stock has a market cap of C$420.72 million, a price-to-earnings ratio of 8.31 and a beta of -0.05. The company has a debt-to-equity ratio of 19.32, a quick ratio of 0.72 and a current ratio of 2.12. The company’s 50 day simple moving average is C$2.33 and its two-hundred day simple moving average is C$2.70.

Itafos Company Profile

Itafos Inc operates as a phosphate and specialty fertilizer company. It operates through Conda, Arrais, and Development and Exploration segments. The company produces and sells monoammonium phosphate (MAP), MAP with micronutrients, superphosphoric acid, merchant grade phosphoric acid, ammonium polyphosphate, hydrofluorosilicic acid, direct application phosphate rock, single superphosphate (SSP), SSP with micronutrients, and sulfuric acid. It also owns interests in the Farim, a phosphate mine project situated in Farim, Guinea-Bissau; Araxá, a rare earth element and niobium mine and extraction plant project that is situated in Minas Gerais, Brazil; Arraias, an integrated phosphate fertilizer project located in Tocantins, Brazil; and Santana, an integrated phosphate mine and fertilizer plant project located in Pará, Brazil.