Shares of Itaconix plc (LON:ITX – Get Free Report) were down 6.7% on Wednesday . The company traded as low as GBX 105 and last traded at GBX 105. Approximately 19,980 shares traded hands during mid-day trading, an increase of 4% from the average daily volume of 19,227 shares. The stock had previously closed at GBX 112.50.
Itaconix Trading Down 3.6%
The stock has a market capitalization of £14.30 million, a price-to-earnings ratio of -9.81 and a beta of 1.74. The company has a current ratio of 3.73, a quick ratio of 0.52 and a debt-to-equity ratio of 19.70. The company has a fifty day moving average of GBX 116.45 and a two-hundred day moving average of GBX 115.86.
Insider Buying and Selling at Itaconix
In other news, insider Peter Nieuwenhuizen acquired 8,000 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The stock was acquired at an average cost of GBX 110 per share, with a total value of £8,800. Insiders own 77.46% of the company’s stock.
About Itaconix
Itaconix uses its proprietary plant-based polymer technology platform to produce and sell specialty ingredients that improve the safety, performance, and sustainability of consumer products. The Company’s current ingredients are enabling and leading new generations of products in detergents, hygiene, and hair care. Itaconix’s contributions to the global low carbon economy are recognised by the London Stock Exchange’s Green Economy Mark.
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