Canaccord Genuity Group Cuts Iofina (LON:IOF) Price Target to GBX 35

Iofina (LON:IOF) had its price objective trimmed by Canaccord Genuity Group from GBX 40 ($0.50) to GBX 35 ($0.44) in a research note issued to investors on Tuesday, MarketBeat reports. The firm currently has a buy rating on the stock.

Iofina Trading Down 4.9 %

LON:IOF opened at GBX 19.50 ($0.24) on Tuesday. Iofina has a 52 week low of GBX 18.68 ($0.23) and a 52 week high of GBX 38 ($0.47). The company has a debt-to-equity ratio of 15.43, a quick ratio of 1.56 and a current ratio of 2.78. The firm’s fifty day moving average is GBX 22.86 and its 200-day moving average is GBX 24.39. The firm has a market cap of £37.41 million, a P/E ratio of 487.50 and a beta of 0.66.

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.