Itafos (CVE:IFOS) Shares Down 5.2% – Should You Sell?

Itafos Inc. (CVE:IFOS) shares traded down 5.2% during mid-day trading on Monday . The stock traded as low as C$2.56 and last traded at C$2.57. 157,399 shares traded hands during trading, a decline of 31% from the average session volume of 227,207 shares. The stock had previously closed at C$2.71.

Analyst Ratings Changes

Separately, Raymond James Financial downgraded shares of Itafos from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from C$5.50 to C$4.50 in a report on Monday, May 11th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$4.50.

Itafos Stock Performance

The company has a current ratio of 2.71, a quick ratio of 0.73 and a debt-to-equity ratio of 19.58. The firm has a 50-day moving average of C$3.26 and a 200-day moving average of C$3.19. The stock has a market capitalization of C$500.58 million, a price-to-earnings ratio of 6.12 and a beta of 0.34.

About Itafos

Itafos Inc operates as a phosphate and specialty fertilizer company. It operates through Conda, Arrais, and Development and Exploration segments. The company produces and sells monoammonium phosphate (MAP), MAP with micronutrients, superphosphoric acid, merchant grade phosphoric acid, ammonium polyphosphate, hydrofluorosilicic acid, direct application phosphate rock, single superphosphate (SSP), SSP with micronutrients, and sulfuric acid. It also owns interests in the Farim, a phosphate mine project situated in Farim, Guinea-Bissau; Araxá, a rare earth element and niobium mine and extraction plant project that is situated in Minas Gerais, Brazil; Arraias, an integrated phosphate fertilizer project located in Tocantins, Brazil; and Santana, an integrated phosphate mine and fertilizer plant project located in Pará, Brazil.