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Iofina (LON:IOF) Share Price Crosses Above 200 Day Moving Average - What's Next?

Iofina logo with Basic Materials background

Key Points

  • Iofina's stock price recently crossed above its 200-day moving average, reaching a high of GBX 26 ($0.35) before closing at GBX 25.70.
  • The company has a market capitalization of £61.70 million with a P/E ratio of 18.04, indicating its valuation in the market.
  • Iofina is the second largest producer of iodine in North America, specializing in the production of iodine and specialty chemical products.
  • Five stocks we like better than Iofina.

Shares of Iofina plc (LON:IOF - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 23.33 ($0.31) and traded as high as GBX 26 ($0.35). Iofina shares last traded at GBX 25.70 ($0.34), with a volume of 83,953 shares traded.

Iofina Price Performance

The company's 50-day moving average price is GBX 25.24 and its 200-day moving average price is GBX 23.39. The company has a debt-to-equity ratio of 11.11, a current ratio of 2.60 and a quick ratio of 1.56. The company has a market cap of £47.39 million, a P/E ratio of 1,646.67 and a beta of 0.71.

About Iofina

(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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