Iofina (LON:IOF) Share Price Crosses Below 200 Day Moving Average of $22.69

Iofina plc (LON:IOF)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 22.69 ($0.29) and traded as low as GBX 17.50 ($0.22). Iofina shares last traded at GBX 18 ($0.23), with a volume of 246,266 shares.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 35 ($0.44) price objective on shares of Iofina in a research note on Thursday, May 2nd.

Iofina Stock Down 4.0 %

The firm has a market capitalization of £34.53 million, a P/E ratio of 600.00 and a beta of 0.65. The business has a 50 day moving average price of GBX 20.25 and a 200 day moving average price of GBX 22.69. The company has a debt-to-equity ratio of 13.05, a current ratio of 2.80 and a quick ratio of 1.56.

Iofina Company Profile

Iofina plc develops, explores for, and produces iodine and halogen-based specialty chemical derivatives in the United States and the United Kingdom. It offers halogen chemicals, disinfectants, electronic specialty gases, sanitizers, heat stabilizers, preservatives, and specialty intermediates, as well as animal health, mineral separation, and odor control products for use in electronics/semiconductor, pharmaceutical, food and beverage, personal care, paints and coatings, dairy, chemical intermediates, gemological, fish and wildlife, and nylon markets.