Itaconix (LON:ITX) Reaches New 1-Year High – Here’s Why

Itaconix plc (LON:ITXGet Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 175 and last traded at GBX 162, with a volume of 54810 shares trading hands. The stock had previously closed at GBX 155.50.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lifted their price objective on shares of Itaconix from GBX 325 to GBX 375 and gave the stock a “buy” rating in a report on Friday, July 17th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 375.

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Itaconix Price Performance

The stock has a market cap of £24.75 million, a PE ratio of -17.99 and a beta of 0.97. The company has a debt-to-equity ratio of 24.58, a quick ratio of 0.52 and a current ratio of 3.43. The business has a 50 day moving average price of GBX 118.91 and a two-hundred day moving average price of GBX 114.84.

Insiders Place Their Bets

In other Itaconix news, insider Peter Nieuwenhuizen acquired 3,400 shares of Itaconix stock in a transaction on Tuesday, May 5th. The stock was purchased at an average price of GBX 109 per share, for a total transaction of £3,706. Corporate insiders own 77.49% of the company’s stock.

Itaconix Company Profile

(Get Free Report)

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.

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