Innio (NASDAQ:INIO) Sets New 1-Year Low – Time to Sell?

Innio N.V. (NASDAQ:INIO)’s share price hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as $13.76 and last traded at $13.7680, with a volume of 647,504 shares. The stock had previously closed at $14.74.

Analysts Set New Price Targets

INIO has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their target price on Innio from $40.00 to $33.00 and set an “overweight” rating on the stock in a research report on Monday, October 19th. Royal Bank Of Canada raised Innio from a “sector perform” rating to an “outperform” rating and cut their price target for the company from $39.00 to $35.00 in a report on Thursday, July 30th. BNP Paribas Exane reduced their price objective on Innio from $43.00 to $35.00 and set an “outperform” rating for the company in a research report on Tuesday, October 27th. Weiss Ratings lowered Innio from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, October 14th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $31.00 price objective on shares of Innio in a research report on Tuesday, October 27th. One investment 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $36.80.

Innio Stock Down 9.9%

The company has a debt-to-equity ratio of 7.50, a quick ratio of 0.80 and a current ratio of 1.27. The stock has a market cap of $9.97 billion and a P/E ratio of 165.81. The company has a 50-day simple moving average of $18.75.

Innio (NASDAQ:INIO) last posted its quarterly earnings results on Tuesday, October 27th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. Innio had a net margin of 2.71% and a return on equity of 63.87%. The business had revenue of $1.17 billion during the quarter. As a group, sell-side analysts expect that Innio N.V. will post 0.40 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of INIO. Sterling Capital Management LLC bought a new position in Innio during the third quarter worth about $43,000. Chicago Partners Investment Group LLC acquired a new position in Innio during the third quarter worth approximately $157,000. Wellington Management Group LLP bought a new stake in Innio in the second quarter valued at approximately $1,117,000. Troluce Capital Advisors LLC bought a new stake in Innio in the second quarter valued at approximately $1,483,000. Finally, WINTON GROUP Ltd bought a new stake in Innio in the second quarter valued at approximately $2,990,000.

Innio Company Profile

INNIO is an energy technology company that provides power-generation and gas-compression solutions for industrial, commercial and utility customers. Its portfolio includes Jenbacher gas engines and Waukesha engines, along with associated equipment, digital tools and long-term service offerings.

The company’s solutions are designed for applications including combined heat and power, distributed power generation, microgrids and gas compression. INNIO supports a range of fuel sources, including natural gas, biogas and hydrogen blends, helping customers produce electricity and useful heat while supporting grid reliability and energy-system flexibility.

INNIO was established in 2018 following the acquisition of GE’s Distributed Power business by Advent International.