Itaconix’s (ITX) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Itaconix (LON:ITX) in a research report report published on Tuesday morning, Marketbeat reports. The brokerage currently has a GBX 375 target price on the stock.

Itaconix Stock Performance

Shares of Itaconix stock opened at GBX 198.90 on Tuesday. Itaconix has a 12 month low of GBX 97 and a 12 month high of GBX 228. The firm has a market capitalization of £26.82 million, a P/E ratio of -19.50 and a beta of 1.05. The company has a current ratio of 2.97, a quick ratio of 0.52 and a debt-to-equity ratio of 24.36. The business has a fifty day simple moving average of GBX 166.88 and a two-hundred day simple moving average of GBX 129.94.

Itaconix (LON:ITX) last announced its quarterly earnings data on Tuesday, September 8th. The company reported GBX (0.02) earnings per share for the quarter. Itaconix had a negative return on equity of 15.42% and a negative net margin of 9.06%. On average, equities analysts forecast that Itaconix will post -8.4299999 earnings per share for the current fiscal year.

Itaconix Company Profile

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.