Iofina (LON:IOF) Reaches New 12-Month Low – What’s Next?

Iofina plc (LON:IOF) shares hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 17 ($0.22) and last traded at GBX 17.15 ($0.22), with a volume of 112803 shares trading hands. The stock had previously closed at GBX 17.50 ($0.23).

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 35 ($0.46) price target on shares of Iofina in a research report on Tuesday, July 16th.

Iofina Stock Up 9.3 %

The stock has a 50 day moving average price of GBX 20.51 and a 200 day moving average price of GBX 20.55. The company has a market cap of £36.68 million, a P/E ratio of 1,912.00 and a beta of 0.71. The company has a debt-to-equity ratio of 11.11, a quick ratio of 1.56 and a current ratio of 2.60.

About Iofina

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.