Itafos (CVE:IFOS) Upgraded at Raymond James

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Raymond James upgraded shares of Itafos (CVE:IFOS) from a market perform rating to an outperform rating in a research report sent to investors on Monday, BayStreet.CA reports. They currently have C$1.50 price target on the stock, up from their previous price target of C$0.90.

CVE:IFOS opened at C$0.76 on Monday. The firm has a 50 day simple moving average of C$0.70 and a 200-day simple moving average of C$0.46. The company has a debt-to-equity ratio of 311.73, a current ratio of 2.36 and a quick ratio of 0.63. The firm has a market cap of C$140.95 million and a PE ratio of -2.22. Itafos has a 1-year low of C$0.22 and a 1-year high of C$0.83.

About Itafos

Itafos operates as a vertically integrated phosphate fertilizers and specialty products company. It operates through Itafos Conda, Itafos Arraias, and Development and Exploration segments. The company produces and sells monoammonium phosphate (MAP), MAP with micronutrients, superphosphoric acid, merchant grade phosphoric acid, single superphosphate (SSP), SSP with micronutrients, and ammonium polyphosphate.

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