Innio (NASDAQ:INIO) Trading Up 3.9% – Here’s What Happened

Shares of Innio N.V. (NASDAQ:INIOGet Free Report) shot up 3.9% during trading on Tuesday . The stock traded as high as $18.05 and last traded at $18.13. 720,503 shares changed hands during trading, a decline of 84% from the average session volume of 4,452,212 shares. The stock had previously closed at $17.45.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on INIO shares. Wall Street Zen upgraded Innio to a “hold” rating in a report on Saturday, June 13th. Robert W. Baird set a $37.00 target price on Innio in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft began coverage on Innio in a research report on Monday, June 29th. They set a “hold” rating and a $41.00 price target on the stock. Morgan Stanley assumed coverage on Innio in a research report on Monday, June 29th. They issued an “overweight” rating and a $47.00 price objective for the company. Finally, UBS Group assumed coverage on Innio in a research note on Monday, June 29th. They set a “buy” rating and a $47.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Innio has an average rating of “Moderate Buy” and an average price target of $42.90.

Check Out Our Latest Research Report on INIO

Innio Trading Up 5.2%

The firm’s 50-day moving average price is $24.85.

Innio (NASDAQ:INIOGet Free Report) last released its earnings results on Tuesday, July 28th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. The firm had revenue of $937.70 million during the quarter. On average, analysts expect that Innio N.V. will post 0.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. HBK Investments L P purchased a new position in Innio during the 2nd quarter valued at about $6,031,000. Junto Capital Management LP purchased a new stake in Innio in the second quarter worth about $26,193,000. Dragoneer Investment Group LLC bought a new position in shares of Innio during the second quarter valued at approximately $112,718,000. WINTON GROUP Ltd purchased a new position in shares of Innio during the second quarter valued at approximately $2,990,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Innio during the second quarter valued at approximately $13,842,000.

About Innio

(Get Free Report)

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.

Further Reading

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