Itaconix (LON:ITX) Announces Quarterly Earnings Results

Itaconix (LON:ITX) issued its earnings results on Tuesday. The company reported GBX (0.02) EPS for the quarter, Digital Look Earnings reports. Itaconix had a negative return on equity of 15.66% and a negative net margin of 13.17%.

Itaconix Stock Performance

Itaconix stock opened at GBX 214 on Tuesday. The stock has a fifty day moving average price of GBX 161.35 and a 200 day moving average price of GBX 128.22. Itaconix has a 52 week low of GBX 97 and a 52 week high of GBX 228. The firm has a market capitalization of £28.86 million, a P/E ratio of -20.98 and a beta of 1.05. The company has a current ratio of 3.43, a quick ratio of 0.52 and a debt-to-equity ratio of 24.58.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 375 target price on shares of Itaconix in a report on Tuesday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 375.

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.