Iofina (LON:IOF) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of Iofina plc (LON:IOFGet Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 19.94 ($0.25) and traded as low as GBX 18.79 ($0.24). Iofina shares last traded at GBX 19.51 ($0.25), with a volume of 147,817 shares.

Iofina Stock Up 0.9 %

The company has a debt-to-equity ratio of 11.11, a current ratio of 2.60 and a quick ratio of 1.56. The company has a market capitalization of £37.74 million, a price-to-earnings ratio of 1,967.00 and a beta of 0.71. The firm’s 50-day simple moving average is GBX 19.01 and its two-hundred day simple moving average is GBX 19.94.

Iofina Company Profile

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Iofina plc is a vertically integrated company that specialises in the production of Iodine and the manufacturing of specialty chemical products and derivatives. Iofina is the second largest producer of iodine in North America and operates the manufacturing entities, Iofina Resources, and Iofina Chemical.

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