Iofina’s (IOF) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Iofina (LON:IOF) in a research note released on Thursday morning, Marketbeat.com reports. They currently have a GBX 35 ($0.44) target price on the stock.

Iofina Stock Performance

Shares of IOF opened at GBX 19.50 ($0.24) on Thursday. The company has a debt-to-equity ratio of 15.43, a quick ratio of 1.56 and a current ratio of 2.78. Iofina has a twelve month low of GBX 18.68 ($0.23) and a twelve month high of GBX 38 ($0.48). The firm’s 50 day moving average price is GBX 21.74 and its two-hundred day moving average price is GBX 23.92. The firm has a market cap of £37.41 million, a P/E ratio of 487.50 and a beta of 0.66.

About Iofina

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.