Itaconix (LON:ITX) Stock Passes Below Fifty Day Moving Average – Time to Sell?

Itaconix plc (LON:ITXGet Free Report)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 147.27 ($1.90) and traded as low as GBX 115 ($1.49). Itaconix shares last traded at GBX 120 ($1.55), with a volume of 19,657 shares traded.

Itaconix Stock Down 2.8 %

The firm has a market capitalization of £16.18 million, a price-to-earnings ratio of -10.86 and a beta of 1.74. The stock has a 50 day moving average of GBX 146.43 and a 200 day moving average of GBX 141.58. The company has a quick ratio of 0.52, a current ratio of 6.34 and a debt-to-equity ratio of 20.71.

About Itaconix

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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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