Iofina (LON:IOF) Earns “Buy” Rating from Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Iofina (LON:IOF) in a research note published on Monday, Marketbeat Ratings reports. They currently have a GBX 40 ($0.50) target price on the stock.

Iofina Price Performance

LON IOF opened at GBX 29.25 ($0.37) on Monday. The firm’s fifty day simple moving average is GBX 30.71 and its two-hundred day simple moving average is GBX 31.13. The firm has a market capitalization of £56.12 million, a P/E ratio of 975.00 and a beta of 0.77. The company has a current ratio of 2.93, a quick ratio of 1.56 and a debt-to-equity ratio of 18.95. Iofina has a 12-month low of GBX 19 ($0.24) and a 12-month high of GBX 38 ($0.48).

About Iofina

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.