Itaconix (LON:ITX) Share Price Crosses Below 50-Day Moving Average – Should You Sell?

Itaconix plc (LON:ITXGet Free Report) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 134.12 ($1.74) and traded as low as GBX 121.88 ($1.58). Itaconix shares last traded at GBX 125 ($1.62), with a volume of 12,799 shares changing hands.

Itaconix Price Performance

The stock has a market cap of £16.86 million, a P/E ratio of -11.31 and a beta of 1.74. The company has a quick ratio of 0.52, a current ratio of 6.34 and a debt-to-equity ratio of 20.71. The business’s 50-day simple moving average is GBX 134.12 and its two-hundred day simple moving average is GBX 138.39.

Itaconix Company Profile

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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.

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