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

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

The firm has a 50 day moving average price of $16.69 and a 200-day moving average price of $16.69. The firm has a market cap of $652.37 million and a PE ratio of 0.0225.

In other TPI Composites news, Director James Alton Hughes acquired 13,636 shares of TPI Composites stock in a transaction dated Wednesday, July 27th. The stock was purchased at an average cost of $11.00 per share, for a total transaction of $149,996.00. Following the completion of the acquisition, the director now directly owns 13,636 shares of the company’s stock, valued at $149,996. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO William E. Siwek acquired 9,091 shares of TPI Composites stock in a transaction dated Wednesday, July 27th. The shares were acquired at an average price of $11.00 per share, with a total value of $100,001.00. Following the completion of the acquisition, the chief financial officer now directly owns 9,091 shares of the company’s stock, valued at $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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