Iofina (LON:IOF) Reaches New 1-Year Low – Should You Sell?

Iofina plc (LON:IOF)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as GBX 17 ($0.22) and last traded at GBX 17.15 ($0.22), with a volume of 112803 shares. The stock had previously closed at GBX 17.50 ($0.23).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 35 ($0.46) target price on shares of Iofina in a research report on Tuesday, July 16th.

Iofina Stock Performance

The firm has a fifty day simple moving average of GBX 20.62 and a 200-day simple moving average of GBX 20.60. The company has a quick ratio of 1.56, a current ratio of 2.60 and a debt-to-equity ratio of 11.11. The company has a market cap of £32.90 million, a PE ratio of 1,715.00 and a beta of 0.71.

Iofina Company Profile

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.