Iofina plc (LON:IOF – Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 26.78 and traded as high as GBX 49. Iofina shares last traded at GBX 48, with a volume of 723,649 shares changing hands.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group raised Iofina to a “buy” rating and upped their target price for the company from GBX 45 to GBX 60 in a research report on Thursday, April 30th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Iofina currently has an average rating of “Buy” and an average target price of GBX 60.
Iofina Stock Performance
Iofina (LON:IOF – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported GBX 4.10 earnings per share (EPS) for the quarter. Iofina had a return on equity of 14.89% and a net margin of 11.84%.The company had revenue of GBX 6,651 million during the quarter. Equities analysts expect that Iofina plc will post 1.8160377 EPS 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.
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