Tim Hughes Purchases 20,003 Shares of Iofina (LON:IOF) Stock

Iofina plc (LON:IOF) insider Tim Hughes acquired 20,003 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was acquired at an average cost of GBX 50 per share, with a total value of £10,001.50.

Iofina Price Performance

Shares of LON:IOF opened at GBX 49.74 on Tuesday. 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 stock has a market cap of £95.43 million, a PE ratio of 12.44 and a beta of 0.86. The company’s fifty day moving average is GBX 45.53 and its 200 day moving average is GBX 32.70. Iofina plc has a 52 week low of GBX 20 and a 52 week high of GBX 59.

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

Analyst Ratings Changes

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