Itaconix (LON:ITX) Releases Quarterly Earnings Results

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

Itaconix Stock Performance

ITX remained flat at GBX 199 during trading on Thursday. The company’s stock had a trading volume of 17,435 shares, compared to its average volume of 21,151. The firm has a market cap of £26.84 million, a PE ratio of -19.51 and a beta of 1.05. Itaconix has a 1-year low of GBX 97 and a 1-year high of GBX 228. 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 business’s 50-day moving average is GBX 165.11 and its 200 day moving average is GBX 129.41.

Analyst Ratings Changes

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

Itaconix Company Profile

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.