Itaconix (LON:ITX) Posts Quarterly Earnings Results

Itaconix (LON:ITX) released its earnings results on Tuesday. The company reported GBX (0.02) EPS for the quarter, Digital Look Earnings reports. Itaconix had a negative net margin of 9.06% and a negative return on equity of 15.42%.

Itaconix Stock Up 0.3%

Shares of LON:ITX traded up GBX 0.60 on Friday, hitting GBX 199.60. 8,940 shares of the company traded hands, compared to its average volume of 21,067. Itaconix has a 52 week low of GBX 97 and a 52 week high of GBX 228. The company has a quick ratio of 0.52, a current ratio of 2.97 and a debt-to-equity ratio of 24.36. The stock has a 50 day simple moving average of GBX 168.66 and a 200-day simple moving average of GBX 130.42. The company has a market cap of £26.92 million, a PE ratio of -19.57 and a beta of 1.05.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 375 price target on shares of Itaconix in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently 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.