Itaconix (LON:ITX) Trading 5.5% Higher – Time to Buy?

Itaconix plc (LON:ITXGet Free Report)’s share price rose 5.5% on Friday . The company traded as high as GBX 145 ($1.82) and last traded at GBX 145 ($1.82). Approximately 1,304 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 5,191 shares. The stock had previously closed at GBX 137.50 ($1.73).

Itaconix Price Performance

The company has a current ratio of 6.34, a quick ratio of 0.52 and a debt-to-equity ratio of 20.71. The firm’s 50-day moving average price is GBX 150.35 and its 200-day moving average price is GBX 142.57. The stock has a market capitalization of £19.55 million, a PE ratio of -13.12 and a beta of 1.74.

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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