Iofina (LON:IOF) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Iofina plc (LON:IOF) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 37.64 and traded as high as GBX 60. Iofina shares last traded at GBX 55.99, with a volume of 469,300 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group upped their target price on Iofina from GBX 60 to GBX 65 and gave the company a “buy” rating in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 65.

Iofina Price Performance

The company has a market cap of £105.52 million, a P/E ratio of 13.75 and a beta of 0.86. The company’s 50-day moving average price is GBX 52.61 and its two-hundred day moving average price is GBX 37.76. The company has a current ratio of 2.64, a quick ratio of 1.56 and a debt-to-equity ratio of 11.96.

Iofina (LON:IOF) last issued its quarterly earnings results on Thursday, April 30th. The company reported GBX 4.10 EPS for the quarter. The business had revenue of GBX 6,651 million for the quarter. Iofina had a net margin of 11.84% and a return on equity of 14.89%. As a group, sell-side analysts expect that Iofina plc will post 1.8160377 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Tim Hughes bought 20,003 shares of Iofina stock in a transaction on Monday, June 29th. The shares were bought at an average price 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.