Iofina (LON:IOF) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Shares of Iofina plc (LON:IOFGet Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 19.93 ($0.24) and traded as low as GBX 18.15 ($0.22). Iofina shares last traded at GBX 19.49 ($0.24), with a volume of 137,472 shares traded.

Iofina Price Performance

The company has a debt-to-equity ratio of 11.11, a quick ratio of 1.56 and a current ratio of 2.60. The business has a 50 day moving average price of GBX 19.18 and a 200-day moving average price of GBX 19.94. The company has a market capitalization of £37.11 million, a price-to-earnings ratio of 1,934.00 and a beta of 0.71.

About Iofina

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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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