Innio (NASDAQ:INIO) Shares Gap Down – Time to Sell?

Shares of Innio N.V. (NASDAQ:INIO) gapped down prior to trading on Wednesday . The stock had previously closed at $30.37, but opened at $28.49. Innio shares last traded at $29.6950, with a volume of 424,598 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Citigroup started coverage on shares of Innio in a research report on Monday, June 29th. They issued a “neutral” rating and a $42.00 target price for the company. JPMorgan Chase & Co. began coverage on shares of Innio in a research report on Monday, June 29th. They set an “overweight” rating and a $44.00 price target on the stock. BNP Paribas Exane started coverage on shares of Innio in a research note on Monday, June 29th. They issued an “outperform” rating and a $48.00 price objective on the stock. Deutsche Bank Aktiengesellschaft started coverage on Innio in a research note on Monday, June 29th. They set a “hold” rating and a $41.00 target price for the company. Finally, Wall Street Zen raised Innio to a “hold” rating in a report on Saturday, June 13th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $44.60.

Innio Stock Performance

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.