Innio (NASDAQ:INIO) Sets New 12-Month Low – Time to Sell?

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Innio in a research report on Monday, June 29th. They set a “hold” rating and a $41.00 target price for the company. BNP Paribas Exane assumed coverage on Innio in a research report on Monday, June 29th. They set an “outperform” rating and a $48.00 price target on the stock. The Goldman Sachs Group initiated coverage on Innio in a research note on Monday, June 29th. They set a “buy” rating and a $42.00 price objective for the company. Wall Street Zen raised Innio to a “hold” rating in a report on Saturday, June 13th. Finally, JPMorgan Chase & Co. initiated coverage on Innio in a research note on Monday, June 29th. They issued an “overweight” rating and a $44.00 target price on the stock. One investment 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $44.60.

Innio Stock Performance

About Innio

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.