Itafos (CVE:IFOS) Stock Price Up 1.3% – Still a Buy?

Itafos Inc. (CVE:IFOS)’s share price shot up 1.3% during trading on Monday . The stock traded as high as C$2.44 and last traded at C$2.40. 91,046 shares were traded during trading, a decline of 46% from the average session volume of 167,339 shares. The stock had previously closed at C$2.37.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial dropped their price target on Itafos from C$4.50 to C$3.75 and set an “outperform” rating for the company in a research note on Monday, August 24th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$3.75.

Itafos Trading Up 1.3%

The firm has a market cap of C$467.47 million, a PE ratio of 9.23 and a beta of 0.03. The firm has a fifty day simple moving average of C$2.35 and a two-hundred day simple moving average of C$2.85. The company has a current ratio of 2.12, a quick ratio of 0.72 and a debt-to-equity ratio of 19.32.

About Itafos

Itafos Inc operates as a phosphate and specialty fertilizer company. It operates through Conda, Arrais, and Development and Exploration segments. The company produces and sells monoammonium phosphate (MAP), MAP with micronutrients, superphosphoric acid, merchant grade phosphoric acid, ammonium polyphosphate, hydrofluorosilicic acid, direct application phosphate rock, single superphosphate (SSP), SSP with micronutrients, and sulfuric acid. It also owns interests in the Farim, a phosphate mine project situated in Farim, Guinea-Bissau; Araxá, a rare earth element and niobium mine and extraction plant project that is situated in Minas Gerais, Brazil; Arraias, an integrated phosphate fertilizer project located in Tocantins, Brazil; and Santana, an integrated phosphate mine and fertilizer plant project located in Pará, Brazil.