Itaconix (LON:ITX) Releases Earnings Results

Itaconix (LON:ITX) posted its earnings results on Tuesday. The company reported GBX (0.02) earnings per share (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 Trading Up 0.5%

Shares of LON:ITX traded up GBX 1 during midday trading on Tuesday, hitting GBX 208. 96,114 shares of the stock traded hands, compared to its average volume of 21,040. The stock has a market capitalization of £28.05 million, a PE ratio of -20.39 and a beta of 1.05. The business’s 50 day moving average is GBX 161.35 and its two-hundred day moving average is GBX 128.22. The company has a quick ratio of 0.52, a current ratio of 3.43 and a debt-to-equity ratio of 24.58. Itaconix has a one year low of GBX 97 and a one year high of GBX 228.

Analyst Ratings Changes

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