Itaconix (LON:ITX) Stock Passes Below 50-Day Moving Average – Here’s Why

Itaconix plc (LON:ITXGet Free Report)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 147.27 ($1.92) and traded as low as GBX 132.50 ($1.73). Itaconix shares last traded at GBX 137.50 ($1.80), with a volume of 3,917 shares changing hands.

Itaconix Stock Performance

The company has a debt-to-equity ratio of 20.71, a current ratio of 6.34 and a quick ratio of 0.52. The stock has a 50-day moving average price of GBX 147.27 and a 200-day moving average price of GBX 155.33. The firm has a market capitalization of £17.54 million, a PE ratio of -3,437.50 and a beta of 1.74.

About Itaconix

(Get Free Report)

Itaconix plc, together with its subsidiaries, engages in the development of bio-based polymers for personal care, home care, and industrial sectors in North America and Europe. It offers cleaning products, including Itaconix DSP 2K, Itaconix TSI 122, Itaconix TSI 322, Itaconix ONZ 100, Itaconix ONZ 400, and Itaconix ONZ 075; hygiene products, such as ZINADOR (Croda), VELAFRESH ZP20/30, and VELAFRESH SAP80; and beauty products comprising Amaze SP (Nouryon), VELASOFT NE 100, and VELASOFT BR 300.

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