Innio (NASDAQ:INIO) Reaches New 52-Week Low – Should You Sell?

Innio N.V. (NASDAQ:INIO) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $29.80 and last traded at $30.7790, with a volume of 1175420 shares traded. The stock had previously closed at $31.58.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on INIO shares. Robert W. Baird began coverage on Innio in a research note on Monday, June 29th. They issued an “outperform” rating and a $50.00 price target for the company. Citigroup began coverage on Innio in a report on Monday, June 29th. They issued a “neutral” rating and a $42.00 target price on the stock. UBS Group started coverage on shares of Innio in a research report on Monday, June 29th. They set a “buy” rating and a $47.00 target price for the company. Zacks Research upgraded shares of Innio to a “hold” rating in a report on Tuesday, June 30th. Finally, Wall Street Zen upgraded shares of Innio to a “hold” rating in a research report on Saturday, June 13th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.60.

Innio Stock Down 1.6%

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.