Innio (NASDAQ:INIO) Reaches New 12-Month Low – Time to Sell?

Innio N.V. (NASDAQ:INIO)’s stock price reached a new 52-week low during 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.

Wall Street Analysts Forecast Growth

INIO has been the subject of a number of recent research reports. The Goldman Sachs Group reiterated a “buy” rating and set a $31.00 price objective on shares of Innio in a research note on Tuesday, October 27th. Royal Bank Of Canada raised shares of Innio from a “sector perform” rating to an “outperform” rating and dropped their price objective for the stock from $39.00 to $35.00 in a report on Thursday, July 30th. Weiss Ratings cut Innio from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, October 14th. Morgan Stanley boosted their price objective on Innio from $40.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, October 28th. Finally, BNP Paribas Exane reduced their price target on shares of Innio from $43.00 to $35.00 and set an “outperform” rating on the stock in a report on Tuesday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.80.

Innio Price Performance

The company has a debt-to-equity ratio of 7.50, a current ratio of 1.27 and a quick ratio of 0.80. The firm has a market cap of $10.33 billion and a PE ratio of 172.12. The firm has a fifty day moving average of $18.37.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Arrow Capital Pty Ltd purchased a new position in shares of Innio during the third quarter worth approximately $4,532,000. Chicago Partners Investment Group LLC purchased a new stake in shares of Innio in the third quarter valued at approximately $157,000. Sterling Capital Management LLC purchased a new stake in shares of Innio in the third quarter valued at approximately $43,000. HBK Investments L P bought a new position in Innio in the second quarter worth approximately $6,031,000. Finally, Junto Capital Management LP bought a new position in Innio in the second quarter worth approximately $26,193,000.

About Innio

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.