Itafos (CVE:IFOS) Shares Down 5.2% – Should You Sell?

Itafos Inc. (CVE:IFOS)’s stock price dropped 5.2% on Monday . The stock traded as low as C$2.56 and last traded at C$2.57. Approximately 157,399 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 227,207 shares. The stock had previously closed at C$2.71.

Analyst Ratings Changes

Separately, Raymond James Financial downgraded shares of Itafos from a “strong-buy” rating to an “outperform” rating and cut their price target for the stock from C$5.50 to C$4.50 in a report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Itafos currently has an average rating of “Buy” and a consensus price target of C$4.50.

Itafos Stock Down 5.2%

The firm has a market cap of C$500.58 million, a price-to-earnings ratio of 6.12 and a beta of 0.34. The business’s 50 day moving average price is C$3.26 and its 200 day moving average price is C$3.19. The company has a debt-to-equity ratio of 19.58, a quick ratio of 0.73 and a current ratio of 2.71.

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.