Itaconix (LON:ITX) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

Itaconix plc (LON:ITX)’s stock price crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of GBX 189.01 and traded as high as GBX 192. Itaconix shares last traded at GBX 192, with a volume of 42,661 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 375 price target on shares of Itaconix in a research note on Tuesday, September 8th. One research analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 375.

Itaconix Stock Performance

The company has a current ratio of 2.97, a quick ratio of 0.52 and a debt-to-equity ratio of 24.36. The company has a market cap of £24.38 million, a price-to-earnings ratio of -19.65 and a beta of 1.05. The stock has a 50 day moving average price of GBX 189.01 and a two-hundred day moving average price of GBX 139.98.

Itaconix (LON:ITX) last announced its quarterly earnings data on Tuesday, September 8th. The company reported GBX (0.02) EPS for the quarter. Itaconix had a negative return on equity of 15.42% and a negative net margin of 9.06%. Analysts predict that Itaconix plc will post -8.43 EPS for the current year.

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.