Itaconix (LON:ITX) Shares Pass Below Fifty Day Moving Average – What’s Next?

Itaconix plc (LON:ITX) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 110.20 and traded as low as GBX 105.25. Itaconix shares last traded at GBX 106.80, with a volume of 12,526 shares.

Itaconix Stock Performance

The stock has a 50 day moving average of GBX 110.20 and a 200 day moving average of GBX 112.78. The company has a quick ratio of 0.52, a current ratio of 3.43 and a debt-to-equity ratio of 24.58. The company has a market capitalization of £14.40 million, a price-to-earnings ratio of -10.47 and a beta of 1.25.

Itaconix Company Profile

Itaconix uses its proprietary plant-based polymer technology platform to produce and sell specialty ingredients that improve the safety, performance, and sustainability of consumer products. The Company’s current ingredients are enabling and leading new generations of products in detergents, hygiene, and hair care. Itaconix’s contributions to the global low carbon economy are recognised by the London Stock Exchange’s Green Economy Mark.