TPI Composites Inc (NASDAQ:TPIC) shares were down 3.6% during trading on Wednesday . The company traded as low as $19.23 and last traded at $19.59, with a volume of 157,830 shares trading hands. The stock had previously closed at $20.32.

A number of research analysts have recently commented on TPIC shares. JPMorgan Chase & Co. started coverage on TPI Composites in a research note on Tuesday, August 16th. They issued an “overweight” rating and a $22.00 target price for the company. Morgan Stanley started coverage on TPI Composites in a research note on Tuesday, August 16th. They issued an “overweight” rating and a $21.00 target price for the company. Cowen and Company started coverage on TPI Composites in a research note on Tuesday, August 16th. They issued an “outperform” rating and a $21.00 target price for the company. Canaccord Genuity started coverage on TPI Composites in a research note on Tuesday, August 16th. They issued a “buy” rating and a $20.00 target price for the company. Finally, Raymond James Financial Inc. started coverage on TPI Composites in a research note on Tuesday, August 16th. They issued an “outperform” rating and a $20.00 target price for the company. Five analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of $20.80.

The company has a market capitalization of $652.37 million and a P/E ratio of 0.02. The firm’s 50-day moving average price is $16.47 and its 200-day moving average price is $16.47.

In other TPI Composites news, General Counsel Steven G. Fishbach bought 4,546 shares of the business’s stock in a transaction dated Wednesday, July 27th. The shares were purchased at an average price of $11.00 per share, with a total value of $50,006.00. Following the completion of the purchase, the general counsel now owns 4,546 shares in the company, valued at approximately $50,006. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO William E. Siwek bought 9,091 shares of the business’s stock in a transaction dated Wednesday, July 27th. The shares were acquired at an average cost of $11.00 per share, for a total transaction of $100,001.00. Following the purchase, the chief financial officer now owns 9,091 shares of the company’s stock, valued at approximately $100,001. The disclosure for this purchase can be found here.

TPI Composites, Inc (TPI) is a United States-based company engaged in manufacturing wind blades, and related precision molding and assembly systems. The Company operates through four geographic operating segments: the United States, Asia, Mexico and Europe, the Middle East and Africa (EMEA). The United States segment includes the manufacturing of wind blades at its Newton, Iowa plant; the manufacturing of precision molding and assembly systems used for the manufacture of wind blades, and the manufacturing of composite solutions for the transportation industry.

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