Iofina (LON:IOF – Free Report) had its price objective boosted by Canaccord Genuity Group from GBX 65 to GBX 70 in a research note released on Monday morning, Marketbeat reports. The firm currently has a buy rating on the stock.
Iofina Trading Down 4.2%
Shares of Iofina stock opened at GBX 50 on Monday. The company has a debt-to-equity ratio of 11.96, a current ratio of 2.64 and a quick ratio of 1.56. Iofina has a 1 year low of GBX 20 and a 1 year high of GBX 60.12. The company has a market capitalization of £95.93 million, a P/E ratio of 12.50 and a beta of 0.88. The business has a 50 day moving average price of GBX 54.04 and a 200 day moving average price of GBX 43.93.
Insider Buying and Selling at Iofina
In related news, insider Tim Hughes acquired 20,003 shares of Iofina stock in a transaction dated Monday, June 29th. The shares were acquired at an average cost of GBX 50 per share, for a total transaction of £10,001.50. 13.44% of the stock is currently owned by company 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.
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