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

Shares of Iofina plc (LON:IOF) reached a new 52-week low 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 traded. The stock had previously closed at GBX 20.50 ($0.26).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group decreased their target price 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 firm has a 50 day moving average of GBX 23.02 and a two-hundred day moving average of GBX 24.42. The stock has a market cap of £37.74 million, a PE ratio of 512.50 and a beta of 0.66. The company has a debt-to-equity ratio of 15.43, a current ratio of 2.78 and a quick ratio of 1.56.

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.