Itaconix (LON:ITX) Sets New 1-Year High – Here’s What Happened

Itaconix plc (LON:ITX) reached a new 52-week high on Friday . The company traded as high as GBX 220 and last traded at GBX 220, with a volume of 66394 shares trading hands. The stock had previously closed at GBX 194.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group increased their target price on shares of Itaconix from GBX 325 to GBX 375 and gave the stock a “buy” rating in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Itaconix currently has a consensus rating of “Buy” and a consensus price target of GBX 375.

Itaconix Trading Up 13.4%

The company has a debt-to-equity ratio of 24.58, a quick ratio of 0.52 and a current ratio of 3.43. The stock has a market cap of £29.67 million, a price-to-earnings ratio of -21.57 and a beta of 1.04. The business has a 50-day simple moving average of GBX 157.17 and a two-hundred day simple moving average of GBX 126.86.

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.