Iofina (LON:IOF) Issues Earnings Results

Iofina (LON:IOFGet Free Report) announced its earnings results on Thursday. The company reported GBX 4.10 EPS for the quarter, Digital Look Earnings reports. Iofina had a net margin of 8.36% and a return on equity of 9.82%. The business had revenue of GBX 6,651 million during the quarter.

Iofina Trading Up 6.4%

Iofina stock opened at GBX 41.50 on Friday. The stock has a market cap of £79.62 million, a P/E ratio of 16.60 and a beta of 0.53. The company has a debt-to-equity ratio of 14.85, a current ratio of 2.43 and a quick ratio of 1.56. Iofina has a 1 year low of GBX 20 and a 1 year high of GBX 42. The firm’s 50 day moving average price is GBX 27.13 and its 200-day moving average price is GBX 25.31.

Iofina News Summary

Here are the key news stories impacting Iofina this week:

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised shares of Iofina to a “buy” rating and boosted their price objective for the company from GBX 45 to GBX 60 in a research report on Thursday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Iofina has an average rating of “Buy” and a consensus price target of GBX 60.

View Our Latest Stock Report on Iofina

About Iofina

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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.

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