Itafos (CVE:IFOS) Shares Down 3.1% – Should You Sell?

Itafos Inc. (CVE:IFOS) shares were down 3.1% on Monday . The stock traded as low as C$2.52 and last traded at C$2.52. 109,829 shares traded hands during trading, a decline of 49% from the average session volume of 215,018 shares. The stock had previously closed at C$2.60.

Analyst Ratings Changes

Separately, Raymond James Financial cut Itafos from a “strong-buy” rating to an “outperform” rating and dropped their price target for the company from C$5.50 to C$4.50 in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Itafos presently has an average rating of “Buy” and an average price target of C$4.50.

Itafos Stock Down 2.0%

The company has a market capitalization of C$471.37 million, a price-to-earnings ratio of 5.76 and a beta of -0.02. The company has a current ratio of 2.71, a quick ratio of 0.72 and a debt-to-equity ratio of 19.58. The firm’s 50 day simple moving average is C$2.90 and its 200-day simple moving average is C$3.12.

Itafos Company Profile

Itafos Inc operates as a phosphate and specialty fertilizer company. It operates through Conda, Arrais, and Development and Exploration segments. The company produces and sells monoammonium phosphate (MAP), MAP with micronutrients, superphosphoric acid, merchant grade phosphoric acid, ammonium polyphosphate, hydrofluorosilicic acid, direct application phosphate rock, single superphosphate (SSP), SSP with micronutrients, and sulfuric acid. It also owns interests in the Farim, a phosphate mine project situated in Farim, Guinea-Bissau; Araxá, a rare earth element and niobium mine and extraction plant project that is situated in Minas Gerais, Brazil; Arraias, an integrated phosphate fertilizer project located in Tocantins, Brazil; and Santana, an integrated phosphate mine and fertilizer plant project located in Pará, Brazil.