Shares of Innio N.V. (NASDAQ:INIO – Get Free Report) traded down 5.3% on Tuesday . The stock traded as low as $19.16 and last traded at $19.2160. Approximately 2,379,375 shares were traded during mid-day trading, a decline of 50% from the average session volume of 4,730,637 shares. The stock had previously closed at $20.30.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada raised shares of Innio from a “sector perform” rating to an “outperform” rating and reduced their price objective for the stock from $39.00 to $35.00 in a research report on Thursday, July 30th. Weiss Ratings started coverage on Innio in a report on Monday, August 31st. They set a “sell (d)” rating on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on Innio in a research report on Monday, June 29th. They set a “hold” rating and a $41.00 target price for the company. The Goldman Sachs Group began coverage on shares of Innio in a research report on Monday, June 29th. They set a “buy” rating and a $42.00 price target for the company. Finally, Zacks Research upgraded Innio to a “hold” rating in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.90.
Check Out Our Latest Stock Report on INIO
Innio Stock Performance
Innio (NASDAQ:INIO – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. The company had revenue of $937.70 million for the quarter. As a group, equities analysts expect that Innio N.V. will post 0.37 earnings per share for the current year.
Hedge Funds Weigh In On Innio
A number of large investors have recently made changes to their positions in INIO. Wellington Management Group LLP bought a new stake in Innio during the 2nd quarter valued at about $1,117,000. Troluce Capital Advisors LLC purchased a new position in Innio in the second quarter valued at about $1,483,000. WINTON GROUP Ltd bought a new position in shares of Innio during the 2nd quarter worth approximately $2,990,000. Readystate Asset Management LP purchased a new stake in shares of Innio during the 2nd quarter valued at $3,975,000. Finally, HBK Investments L P acquired a new stake in Innio in the second quarter worth about $6,031,000.
About Innio
INNIO Group is an energy technology company that develops and provides power generation and gas compression solutions. Its principal product lines are marketed under the Jenbacher and Waukesha brands, which serve distributed power generation, combined heat and power, and industrial and commercial energy applications.
The company manufactures gas engines and related systems designed to operate on fuels including natural gas, biogas, landfill gas and hydrogen blends. Its offerings also include microgrid and energy-management solutions, aftermarket services, parts and maintenance, and digital monitoring through its myPlant platform.
See Also
- Five stocks we like better than Innio
- IonQ’s AI Breakthrough Looks Big—But Can It Drive Revenue?
- Broadcom CEO Holds $350B Outlook Strong Amid Calls to Slow Froniter AI Development
- Microsoft’s 8% Dividend Hike: Confidence Signal or Distraction From Capex Math?
- Paramount Skydance Clears a Major Warner Bros. Discovery Hurdle—Here’s What Comes Next
Receive News & Ratings for Innio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Innio and related companies with MarketBeat.com's FREE daily email newsletter.
