Itaconix (LON:ITX) Shares Down 0.2% – Here’s Why

Itaconix plc (LON:ITX)’s share price dropped 0.2% on Tuesday. The stock traded as low as GBX 183.70 and last traded at GBX 183.70. Approximately 2,771 shares were traded during trading, a decline of 86% from the average daily volume of 20,049 shares. The stock had previously closed at GBX 184.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 375 price objective on shares of Itaconix in a research report on Tuesday, September 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Itaconix currently has an average rating of “Buy” and an average target price of GBX 375.

Itaconix Stock Up 6.0%

The stock has a market capitalization of £27.03 million, a P/E ratio of -19.65 and a beta of 1.05. The company has a debt-to-equity ratio of 24.36, a quick ratio of 0.52 and a current ratio of 2.97. The firm’s 50-day simple moving average is GBX 185.58 and its 200 day simple moving average is GBX 137.61.

Itaconix (LON:ITX) last posted its quarterly earnings results on Tuesday, September 8th. The company reported GBX (0.02) earnings per share for the quarter. Itaconix had a negative net margin of 9.06% and a negative return on equity of 15.42%. As a group, research analysts expect that Itaconix plc will post -8.4299999 EPS for the current year.

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.