Innio (NASDAQ:INIO) Stock Price Down 10% – Should You Sell?

Innio N.V. (NASDAQ:INIO)’s share price fell 10% during mid-day trading on Tuesday . The company traded as low as $33.12 and last traded at $32.5390. Approximately 946,476 shares changed hands during trading, a decline of 81% from the average session volume of 5,062,714 shares. The stock had previously closed at $36.17.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on INIO shares. BNP Paribas Exane assumed coverage on shares of Innio in a research report on Monday, June 29th. They issued an “outperform” rating and a $48.00 target price for the company. Bank of America assumed coverage on shares of Innio in a research note on Monday, June 29th. They issued a “buy” rating and a $46.00 price objective on the stock. Royal Bank Of Canada began coverage on shares of Innio in a research report on Monday, June 29th. They set a “sector perform” rating and a $39.00 price objective for the company. Zacks Research upgraded Innio to a “hold” rating in a research note on Tuesday, June 30th. Finally, Morgan Stanley initiated coverage on Innio in a report on Monday, June 29th. They issued an “overweight” rating and a $47.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $44.60.

Innio Price Performance

Innio Company Profile

INNIO is a provider of energy solutions, offering reciprocating gas engines, power generation systems, and related services for distributed power generation and gas compression applications. Its portfolio is designed to support customers in industries such as utilities, data centers, agriculture, wastewater, and oil and gas, where reliable on-site power and efficiency are important.

The company is best known for its Jenbacher and Waukesha brands, which are used in engines and power systems that can run on natural gas, biogas, and other gaseous fuels.