Iofina (LON:IOF) Shares Pass Below 200-Day Moving Average – Time to Sell?

Iofina plc (LON:IOFGet Free Report)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 19.94 ($0.25) and traded as low as GBX 18.79 ($0.24). Iofina shares last traded at GBX 19.51 ($0.25), with a volume of 147,817 shares traded.

Iofina Stock Performance

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 firm has a 50-day moving average price of GBX 19.01 and a 200 day moving average price of GBX 19.94. The firm has a market capitalization of £37.74 million, a PE ratio of 1,967.00 and a beta of 0.71.

Iofina Company Profile

(Get Free Report)

Iofina plc is a vertically integrated company that specialises in the production of Iodine and the manufacturing of specialty chemical products and derivatives. Iofina is the second largest producer of iodine in North America and operates the manufacturing entities, Iofina Resources, and Iofina Chemical.

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