Innio N.V. (NASDAQ:INIO – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $22.60 and last traded at $24.0910, with a volume of 667614 shares traded. The stock had previously closed at $26.92.
Analyst Ratings Changes
INIO has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Innio in a research report on Monday, June 29th. They set a “hold” rating and a $41.00 price target for the company. Zacks Research raised shares of Innio to a “hold” rating in a research report on Tuesday, June 30th. JPMorgan Chase & Co. assumed coverage on shares of Innio in a report on Monday, June 29th. They set an “overweight” rating and a $44.00 target price for the company. Wall Street Zen raised shares of Innio to a “hold” rating in a research report on Saturday, June 13th. Finally, BNP Paribas Exane began coverage on shares of Innio in a research note on Monday, June 29th. They issued an “outperform” rating and a $48.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Innio has a consensus rating of “Moderate Buy” and an average target price of $44.60.
Check Out Our Latest Stock Report on Innio
Innio Trading Down 9.3%
Innio Company Profile
INNIO is a provider of energy solutions, offering reciprocating gas engines, power generation systems, and related services for distributed power generation and gas compression applications. Its portfolio is designed to support customers in industries such as utilities, data centers, agriculture, wastewater, and oil and gas, where reliable on-site power and efficiency are important.
The company is best known for its Jenbacher and Waukesha brands, which are used in engines and power systems that can run on natural gas, biogas, and other gaseous fuels.
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