Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Trading 3.7% Higher – Still a Buy?

Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR)’s share price rose 3.7% during mid-day trading on Thursday . The stock traded as high as $17.84 and last traded at $17.77. Approximately 275,208 shares changed hands during trading, an increase of 52% from the average daily volume of 181,426 shares. The stock had previously closed at $17.14.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on INR. Roth Mkm raised their price objective on Market Vectors Indian Rupee/USD ETN from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. KeyCorp dropped their price target on shares of Market Vectors Indian Rupee/USD ETN from $22.00 to $19.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 12th.

Market Vectors Indian Rupee/USD ETN Price Performance

The firm has a market cap of $1.13 billion, a PE ratio of -42.18 and a beta of 0.23. The business’s fifty day moving average is $15.59 and its 200-day moving average is $14.12.

Insider Buying and Selling

In other Market Vectors Indian Rupee/USD ETN news, Director David P. Poole acquired 8,646 shares of the stock in a transaction dated Tuesday, December 16th. The stock was purchased at an average cost of $12.94 per share, for a total transaction of $111,879.24. Following the acquisition, the director owned 16,146 shares in the company, valued at $208,929.24. The trade was a 115.28% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Hedge Funds Weigh In On Market Vectors Indian Rupee/USD ETN

A hedge fund recently bought a new stake in Market Vectors Indian Rupee/USD ETN stock. Chung Wu Investment Group LLC purchased a new stake in shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,600 shares of the company’s stock, valued at approximately $38,000.

Market Vectors Indian Rupee/USD ETN Company Profile

International Consolidated Airlines Group, SA, together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, Ireland, the United States, and rest of the world. The company operates under the British Airways, Iberia, Vueling, Aer Lingus, and LEVEL brands. It operates a fleet of 533 aircraft flying to 279 destinations. International Consolidated Airlines Group, SA, was incorporated in 2009 and is based in Madrid, Spain.