InPost (OTCMKTS:INPOY) Shares Gap Up – Still a Buy?

InPost S.A. – Unsponsored ADR (OTCMKTS:INPOY – Get Free Report) shares gapped up before the market opened on Wednesday. The stock had previously closed at $8.60, but opened at $8.85. InPost shares last traded at $8.85, with a volume of 643 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, UBS Group lowered shares of InPost to a “neutral” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

View Our Latest Report on InPost

InPost Trading Up 1.2%

The stock has a 50-day simple moving average of $8.87 and a two-hundred day simple moving average of $8.79.

About InPost

(Get Free Report)

InPost SA is a technology-enabled logistics company that provides parcel delivery and collection services for e-commerce customers, merchants and consumers. Its primary offering is a network of automated parcel lockers, known as Paczkomat machines, which allow customers to send, collect and return packages without requiring home delivery. InPost also provides courier delivery, pickup and drop-off points, returns management and related digital services through its mobile applications and merchant platforms.

Founded in Poland, InPost helped popularize out-of-home parcel delivery in the country and has expanded its automated locker model across Europe.

Further Reading

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