Iofina (LON:IOF) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of Iofina plc (LON:IOF) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 19.94 ($0.25) and traded as low as GBX 18.79 ($0.24). Iofina shares last traded at GBX 19.51 ($0.24), with a volume of 147,817 shares.

Iofina Stock Performance

The business has a fifty day moving average price of GBX 18.96 and a 200-day moving average price of GBX 19.94. The stock has a market capitalization of £37.43 million, a P/E ratio of 1,951.00 and a beta of 0.71. The company has a quick ratio of 1.56, a current ratio of 2.60 and a debt-to-equity ratio of 11.11.

Iofina Company Profile

Iofina plc is a vertically integrated company that specialises in the production of Iodine and the manufacturing of specialty chemical products and derivatives. Iofina is the second largest producer of iodine in North America and operates the manufacturing entities, Iofina Resources, and Iofina Chemical.