Iofina (LON:IOF) Stock Falls 7.3% – Should You Sell?

Iofina plc (LON:IOF) shares fell 7.3% on Friday. The company traded as low as GBX 45 and last traded at GBX 51. Approximately 2,387,664 shares were traded during trading, an increase of 346% from the average session volume of 535,929 shares. The stock had previously closed at GBX 55.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 70 price objective on shares of Iofina in a research note on Friday. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 70.

Iofina Stock Performance

The company has a fifty day moving average price of GBX 52.71 and a two-hundred day moving average price of GBX 48.29. The company has a debt-to-equity ratio of 10.80, a current ratio of 2.57 and a quick ratio of 1.56. The company has a market capitalization of £97.85 million, a P/E ratio of 11.33 and a beta of 0.96.

Iofina (LON:IOF) last announced its earnings results on Monday, September 21st. The company reported GBX 1.80 EPS for the quarter. Iofina had a return on equity of 15.30% and a net margin of 12.91%. Equities analysts forecast that Iofina plc will post 1.82 earnings per share for the current fiscal year.

About Iofina

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.