Itaconix (LON:ITX) Releases Quarterly Earnings Results

Itaconix (LON:ITX) released its quarterly earnings data on Tuesday. The company reported GBX (0.02) earnings per share 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 Up 2.4%

ITX opened at GBX 212 on Tuesday. The stock’s fifty day simple moving average is GBX 161.35 and its 200 day simple moving average is GBX 128.22. Itaconix has a 1-year low of GBX 97 and a 1-year high of GBX 228. The stock has a market cap of £28.59 million, a PE ratio of -20.78 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.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 375 price target on shares of Itaconix in a report on Tuesday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 375.

About Itaconix

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.