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Iofina (LON:IOF) Stock Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Iofina logo with Basic Materials background

Iofina plc (LON:IOF - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 20.10 ($0.26) and traded as high as GBX 21.24 ($0.27). Iofina shares last traded at GBX 21.24 ($0.27), with a volume of 330,713 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a "buy" rating and issued a GBX 37.50 ($0.48) price objective on shares of Iofina in a research note on Thursday, January 23rd.

Check Out Our Latest Research Report on Iofina

Iofina Stock Performance

The stock has a market capitalization of £48.02 million, a P/E ratio of 14.04 and a beta of 0.71. The stock's 50-day simple moving average is GBX 21.70 and its 200 day simple moving average is GBX 20.08. The company has a debt-to-equity ratio of 11.11, a current ratio of 2.60 and a quick ratio of 1.56.

Iofina Company Profile

(Get Free Report)

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.

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