Itaconix (LON:ITX) Issues Quarterly Earnings Results

Itaconix (LON:ITX) released its earnings results on Tuesday. The company reported GBX (0.02) earnings per share for the quarter, Digital Look Earnings reports. Itaconix had a negative net margin of 9.06% and a negative return on equity of 15.42%.

Itaconix Stock Down 2.6%

Shares of LON ITX opened at GBX 193.90 on Thursday. The company has a debt-to-equity ratio of 24.36, a current ratio of 2.97 and a quick ratio of 0.52. The company has a 50-day moving average price of GBX 165.11 and a 200-day moving average price of GBX 129.41. The stock has a market capitalization of £26.15 million, a P/E ratio of -19.01 and a beta of 1.05. Itaconix has a 1 year low of GBX 97 and a 1 year high of GBX 228.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 375 price target on shares of Itaconix in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 375.

About Itaconix

Itaconix uses its proprietary plant-based polymer technology platform to produce and sell specialty ingredients that improve the safety, performance, and sustainability of consumer products. The Company’s current ingredients are enabling and leading new generations of products in detergents, hygiene, and hair care. Itaconix’s contributions to the global low carbon economy are recognised by the London Stock Exchange’s Green Economy Mark.