Itaconix (LON:ITX) Posts Earnings Results

Itaconix (LON:ITX) released its quarterly earnings results on Tuesday. The company reported GBX (0.02) earnings per share for the quarter, Digital Look Earnings reports. Itaconix had a negative return on equity of 15.66% and a negative net margin of 13.17%.

Itaconix Stock Up 1.2%

ITX stock opened at GBX 209.50 on Tuesday. The stock has a market cap of £28.25 million, a P/E ratio of -20.54 and a beta of 1.05. The company has a current ratio of 3.43, a quick ratio of 0.52 and a debt-to-equity ratio of 24.58. The stock’s fifty day simple moving average is GBX 161.35 and its two-hundred day simple moving average is GBX 128.22. Itaconix has a 1-year low of GBX 97 and a 1-year high of GBX 228.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 375 price objective on shares of Itaconix in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 375.

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.