Itaconix (LON:ITX) Trading Up 9% – Should You Buy?

Itaconix plc (LON:ITXGet Free Report)’s share price rose 9% during mid-day trading on Tuesday . The stock traded as high as GBX 140 ($1.79) and last traded at GBX 133 ($1.70). Approximately 27,171 shares changed hands during trading, an increase of 129% from the average daily volume of 11,854 shares. The stock had previously closed at GBX 122 ($1.56).

Itaconix Stock Performance

The stock has a market capitalization of £17.13 million, a P/E ratio of -3,325.00 and a beta of 1.74. The stock’s 50-day simple moving average is GBX 130.17 and its 200 day simple moving average is GBX 145.08. The company has a debt-to-equity ratio of 20.71, a current ratio of 6.34 and a quick ratio of 0.52.

About Itaconix

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Itaconix plc, together with its subsidiaries, engages in the development of bio-based polymers for personal care, home care, and industrial sectors in North America and Europe. It offers cleaning products, including Itaconix DSP 2K, Itaconix TSI 122, Itaconix TSI 322, Itaconix ONZ 100, Itaconix ONZ 400, and Itaconix ONZ 075; hygiene products, such as ZINADOR (Croda), VELAFRESH ZP20/30, and VELAFRESH SAP80; and beauty products comprising Amaze SP (Nouryon), VELASOFT NE 100, and VELASOFT BR 300.

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