Itafos (CVE:IFOS) Trading Down 3.1% – Time to Sell?

Itafos Inc. (CVE:IFOS) shares were down 3.1% on Monday . The company traded as low as C$2.52 and last traded at C$2.52. 109,829 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 215,018 shares. The stock had previously closed at C$2.60.

Analyst Ratings Changes

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

Itafos Price Performance

The company has a debt-to-equity ratio of 19.58, a quick ratio of 0.72 and a current ratio of 2.71. The firm has a market capitalization of C$490.85 million, a price-to-earnings ratio of 6.00 and a beta of -0.02. The business has a fifty day moving average of C$2.92 and a two-hundred day moving average of C$3.13.

Itafos Company Profile

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.