Iofina (LON:IOF) Issues Quarterly Earnings Results

Iofina (LON:IOF) announced its earnings results on Thursday. The company reported GBX 4.10 EPS for the quarter, Digital Look Earnings reports. Iofina had a net margin of 8.36% and a return on equity of 9.82%. The business had revenue of GBX 6,651 million during the quarter.

Iofina Stock Performance

LON IOF traded up GBX 6.50 on Thursday, hitting GBX 39. 3,728,743 shares of the stock were exchanged, compared to its average volume of 608,341. The company has a debt-to-equity ratio of 14.85, a current ratio of 2.43 and a quick ratio of 1.56. The business’s fifty day moving average is GBX 26.84 and its 200 day moving average is GBX 25.21. Iofina has a 52 week low of GBX 20 and a 52 week high of GBX 39.55. The company has a market capitalization of £74.82 million, a PE ratio of 15.60 and a beta of 0.53.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group upgraded shares of Iofina to a “buy” rating and increased their target price for the stock from GBX 45 to GBX 60 in a report on Thursday. 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 price target of GBX 60.

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.