Iofina (LON:IOF) Stock Falls 7.3% – Should You Sell?

Iofina plc (LON:IOF)’s stock price was down 7.3% on Friday. The stock traded as low as GBX 45 and last traded at GBX 51. Approximately 2,387,664 shares changed hands during trading, an increase of 346% from the average daily volume of 535,929 shares. The stock had previously closed at GBX 55.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 70 target price on shares of Iofina in a research note on Friday. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat.com, Iofina has a consensus rating of “Buy” and a consensus price target of GBX 70.

Iofina Stock Down 7.3%

The company has a debt-to-equity ratio of 10.80, a current ratio of 2.57 and a quick ratio of 1.56. The firm has a 50-day moving average of GBX 52.71 and a 200 day moving average of GBX 48.29. The stock has a market capitalization of £97.85 million, a price-to-earnings ratio of 11.33 and a beta of 0.96.

Iofina (LON:IOF) last posted its quarterly earnings results on Monday, September 21st. The company reported GBX 1.80 earnings per share (EPS) for the quarter. Iofina had a net margin of 12.91% and a return on equity of 15.30%. As a group, sell-side analysts forecast that Iofina plc will post 1.82 earnings per share for the current fiscal year.

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.