Innio (NASDAQ:INIO) Reaches New 52-Week Low – Here’s What Happened

Innio N.V. (NASDAQ:INIO)’s share price hit a new 52-week low on Tuesday . The company traded as low as $29.80 and last traded at $30.7790, with a volume of 1175420 shares changing hands. The stock had previously closed at $31.58.

Analyst Ratings Changes

INIO has been the topic of a number of research analyst reports. JPMorgan Chase & Co. began coverage on Innio in a research report on Monday, June 29th. They issued an “overweight” rating and a $44.00 target price on the stock. Robert W. Baird initiated coverage on Innio in a report on Monday, June 29th. They set an “outperform” rating and a $50.00 price target for the company. Zacks Research raised Innio to a “hold” rating in a research note on Tuesday, June 30th. BNP Paribas Exane began coverage on Innio in a report on Monday, June 29th. They set an “outperform” rating and a $48.00 price objective on the stock. Finally, Bank of America started coverage on Innio in a research report on Monday, June 29th. They set a “buy” rating and a $46.00 target price for the company. 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 company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $44.60.

Innio Trading Down 2.1%

About Innio

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.