Iofina (LON:IOF) Hits New 52-Week Low at $18.68

Shares of Iofina plc (LON:IOF) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 18.68 ($0.23) and last traded at GBX 19.67 ($0.24), with a volume of 328945 shares. The stock had previously closed at GBX 20.50 ($0.26).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group dropped their price target on Iofina from GBX 40 ($0.50) to GBX 35 ($0.44) and set a “buy” rating for the company in a research note on Tuesday.

Iofina Stock Performance

The company has a debt-to-equity ratio of 15.43, a quick ratio of 1.56 and a current ratio of 2.78. The business has a 50 day moving average price of GBX 22.74 and a two-hundred day moving average price of GBX 24.34. The company has a market cap of £39.33 million, a P/E ratio of 512.50 and a beta of 0.66.

Iofina Company Profile

Iofina plc develops, explores for, and produces iodine and halogen-based specialty chemical derivatives in the United States and the United Kingdom. It offers halogen chemicals, disinfectants, electronic specialty gases, sanitizers, heat stabilizers, preservatives, and specialty intermediates, as well as animal health, mineral separation, and odor control products for use in electronics/semiconductor, pharmaceutical, food and beverage, personal care, paints and coatings, dairy, chemical intermediates, gemological, fish and wildlife, and nylon markets.