Itafos (CVE:IFOS) Stock Price Down 4% – Should You Sell?

Itafos Inc. (CVE:IFOS)’s share price was down 4% on Monday. The company traded as low as C$2.16 and last traded at C$2.17. Approximately 78,271 shares traded hands during trading, a decline of 50% from the average session volume of 157,215 shares. The stock had previously closed at C$2.26.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial reduced their target price on Itafos from C$4.50 to C$3.75 and set an “outperform” rating on the stock in a report on Monday, August 24th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$3.75.

Itafos Stock Performance

The business’s fifty day moving average is C$2.33 and its two-hundred day moving average is C$2.72. The company has a quick ratio of 0.72, a current ratio of 2.12 and a debt-to-equity ratio of 19.32. The stock has a market capitalization of C$422.67 million, a PE ratio of 8.35 and a beta of 0.03.

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.