Innio (NASDAQ:INIO) Sets New 1-Year Low – Should You Sell?

Innio N.V. (NASDAQ:INIO)’s share price hit a new 52-week low during trading on Monday . The stock traded as low as $24.58 and last traded at $27.2090, with a volume of 7928697 shares changing hands. The stock had previously closed at $27.72.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Bank of America started coverage on shares of Innio in a research report on Monday, June 29th. They set a “buy” rating and a $46.00 target price on the stock. BNP Paribas Exane initiated coverage on shares of Innio in a report on Monday, June 29th. They issued an “outperform” rating and a $48.00 price target for the company. Wall Street Zen upgraded shares of Innio to a “hold” rating in a research note on Saturday, June 13th. Zacks Research raised shares of Innio to a “hold” rating in a report on Tuesday, June 30th. Finally, JPMorgan Chase & Co. began coverage on Innio in a research report on Monday, June 29th. They issued an “overweight” rating and a $44.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Innio has an average rating of “Moderate Buy” and a consensus target price of $44.60.

Innio Trading Up 6.6%

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.