Shares of Innophos Holdings, Inc. (NASDAQ:IPHS) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $41.60 and last traded at $41.72, with a volume of 38816 shares. The stock had previously closed at $42.35.

Several analysts recently issued reports on the stock. BidaskClub downgraded shares of Innophos from a “hold” rating to a “sell” rating in a report on Tuesday, December 5th. Zacks Investment Research cut shares of Innophos from a “buy” rating to a “hold” rating in a research note on Thursday, December 14th. Finally, KeyCorp reiterated a “hold” rating on shares of Innophos in a research note on Wednesday, November 1st.

The company has a market cap of $836.43, a P/E ratio of 19.26 and a beta of 0.76. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.49 and a current ratio of 2.86.

Hedge funds have recently made changes to their positions in the company. Old Mutual Global Investors UK Ltd. acquired a new position in shares of Innophos in the 3rd quarter valued at $109,000. Public Employees Retirement System of Ohio raised its stake in shares of Innophos by 5.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,824 shares of the specialty chemicals company’s stock valued at $124,000 after buying an additional 157 shares in the last quarter. Macquarie Group Ltd. acquired a new position in shares of Innophos in the 3rd quarter valued at $193,000. Piedmont Investment Advisors LLC acquired a new position in shares of Innophos in the 3rd quarter valued at $209,000. Finally, Alps Advisors Inc. acquired a new position in shares of Innophos in the 4th quarter valued at $213,000. Institutional investors own 94.71% of the company’s stock.

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Innophos Company Profile

Innophos Holdings, Inc is a producer of nutritional specialty ingredients with applications in food, beverage, dietary supplements, pharmaceutical, oral care and industrial end markets. The Company also provides bioactive mineral and nutritional ingredients. The Company’s segments include Specialty Phosphates US & Canada, Specialty Phosphates Mexico, and Granular Triple Super Phosphate (GTSP) & Other.

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