Canaccord Genuity Group Reiterates Buy Rating for Iofina (LON:IOF)

Iofina (LON:IOF)‘s stock had its “buy” rating reiterated by analysts at Canaccord Genuity Group in a research note issued to investors on Thursday, Digital Look reports. They presently have a GBX 35 ($0.44) price target on the stock. Canaccord Genuity Group’s target price points to a potential upside of 73.91% from the company’s previous close.

Iofina Stock Performance

LON IOF traded down GBX 0.13 ($0.00) during trading hours on Thursday, reaching GBX 20.13 ($0.25). The company’s stock had a trading volume of 182,431 shares, compared to its average volume of 237,420. The company has a current ratio of 2.78, a quick ratio of 1.56 and a debt-to-equity ratio of 15.43. The business has a 50-day simple moving average of GBX 21.93 and a 200 day simple moving average of GBX 23.98. The stock has a market cap of £38.61 million, a PE ratio of 503.13 and a beta of 0.66. Iofina has a 52 week low of GBX 18.68 ($0.23) and a 52 week 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.