Itafos (CVE:IFOS) Stock Price Down 0.4% – What’s Next?

Itafos Inc. (CVE:IFOS)’s share price fell 0.4% on Tuesday . The stock traded as low as C$2.19 and last traded at C$2.24. 117,230 shares changed hands during mid-day trading, a decline of 37% from the average session volume of 187,481 shares. The stock had previously closed at C$2.25.

Analyst Ratings Changes

Separately, Raymond James Financial downgraded Itafos from a “strong-buy” rating to an “outperform” rating and cut their target price for the stock from C$5.50 to C$4.50 in a report on Monday, May 11th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Itafos has a consensus rating of “Buy” and an average target price of C$4.50.

Itafos Trading Down 0.4%

The company has a debt-to-equity ratio of 19.58, a current ratio of 2.71 and a quick ratio of 0.72. The firm has a market cap of C$436.31 million, a price-to-earnings ratio of 5.33 and a beta of 0.04. The firm’s fifty day moving average is C$2.45 and its 200-day moving average is C$3.00.

Itafos Company Profile

Itafos Inc operates as a phosphate and specialty fertilizer company. It operates through Conda, Arrais, and Development and Exploration segments. The company produces and sells monoammonium phosphate (MAP), MAP with micronutrients, superphosphoric acid, merchant grade phosphoric acid, ammonium polyphosphate, hydrofluorosilicic acid, direct application phosphate rock, single superphosphate (SSP), SSP with micronutrients, and sulfuric acid. It also owns interests in the Farim, a phosphate mine project situated in Farim, Guinea-Bissau; Araxá, a rare earth element and niobium mine and extraction plant project that is situated in Minas Gerais, Brazil; Arraias, an integrated phosphate fertilizer project located in Tocantins, Brazil; and Santana, an integrated phosphate mine and fertilizer plant project located in Pará, Brazil.