Itaconix (LON:ITX) Shares Down 1.1% – Time to Sell?

Itaconix plc (LON:ITX)’s stock price traded down 1.1% on Tuesday. The company traded as low as GBX 177 and last traded at GBX 180. Approximately 16,799 shares were traded during trading, a decline of 15% from the average session volume of 19,843 shares. The stock had previously closed at GBX 182.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 375 target price on shares of Itaconix in a report on Tuesday, September 8th. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 375.

Itaconix Stock Down 1.1%

The company has a debt-to-equity ratio of 24.36, a current ratio of 2.97 and a quick ratio of 0.52. The company has a market capitalization of £24.27 million, a P/E ratio of -19.57 and a beta of 1.05. The company has a 50 day moving average of GBX 191.19 and a 200-day moving average of GBX 145.24.

Itaconix (LON:ITX) last announced its quarterly earnings results on Tuesday, September 8th. The company reported GBX (0.02) earnings per share (EPS) for the quarter. Itaconix had a negative net margin of 9.06% and a negative return on equity of 15.42%. As a group, equities analysts anticipate that Itaconix plc will post -8.43 EPS for the current year.

Itaconix Company Profile

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.