Iofina (LON:IOF) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

Iofina plc (LON:IOF)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 47.88 and traded as high as GBX 57. Iofina shares last traded at GBX 56, with a volume of 1,181,223 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised shares of Iofina to a “buy” rating and raised their price target for the stock from GBX 45 to GBX 60 in a research report on Thursday, April 30th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 60.

Iofina Trading Up 1.5%

The company has a quick ratio of 1.56, a current ratio of 2.64 and a debt-to-equity ratio of 11.96. The firm has a market capitalization of £107.15 million, a P/E ratio of 13.96 and a beta of 0.86. The firm has a 50 day moving average of GBX 47.88 and a 200-day moving average of GBX 33.84.

Iofina (LON:IOF) last posted its quarterly earnings data on Thursday, April 30th. The company reported GBX 4.10 EPS for the quarter. The firm had revenue of GBX 6,651 million for the quarter. Iofina had a return on equity of 14.89% and a net margin of 11.84%. On average, equities research analysts predict that Iofina plc will post 1.8160377 earnings per share for the current fiscal year.

Insider Activity at Iofina

In related news, insider Tim Hughes purchased 20,003 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The shares were bought at an average price of GBX 50 per share, for a total transaction of £10,001.50. Insiders own 13.44% of the company’s stock.

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.