Iofina (LON:IOF) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Iofina plc (LON:IOF)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 20.12 ($0.26) and traded as high as GBX 21.64 ($0.28). Iofina shares last traded at GBX 21.19 ($0.27), with a volume of 145,523 shares trading hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 37.50 ($0.49) price objective on shares of Iofina in a research report on Thursday, January 23rd.

Iofina Price Performance

The company has a current ratio of 2.60, a quick ratio of 1.56 and a debt-to-equity ratio of 11.11. The stock has a 50-day simple moving average of GBX 21.19 and a 200 day simple moving average of GBX 20.12. The stock has a market capitalization of £50.86 million, a price-to-earnings ratio of 14.87 and a beta of 0.71.

About Iofina

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.