Innio (NASDAQ:INIO) Reaches New 1-Year Low - Here's Why

Key Points

• Innio shares hit a new 52-week low, falling to $13.76 from a prior close of $14.74; the article reports the stock was down 9.9%.
• Despite the decline, Innio beat quarterly EPS estimates, reporting $0.15 versus the $0.11 consensus, on revenue of $1.17 billion.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $36.80, though recent views vary, including a Citigroup target cut to $21 and a neutral rating.

Shares of Innio N.V. (NASDAQ:INIO - Get Free Report) hit a new 52-week low on Thursday. The stock traded as low as $13.76 and last traded at $13.7680, with a volume of 647,504 shares. The stock had previously closed at $14.74.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on INIO. The Goldman Sachs Group reiterated a "buy" rating and issued a $31.00 target price on shares of Innio in a report on Tuesday, October 27th. Wall Street Zen upgraded Innio from a "hold" rating to a "buy" rating in a report on Saturday, October 31st. Weiss Ratings downgraded Innio from a "sell (d)" rating to a "sell (d-)" rating in a report on Wednesday, October 14th. Robert W. Baird set a $37.00 price target on shares of Innio in a research report on Wednesday, July 29th. Finally, Citigroup reduced their price target on shares of Innio from $22.00 to $21.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $36.80.

Innio Stock Down 9.9%

The company has a quick ratio of 0.80, a current ratio of 1.27 and a debt-to-equity ratio of 7.50. The stock's 50 day moving average is $18.75. The company has a market cap of $9.97 billion and a P/E ratio of 165.81.

Innio (NASDAQ:INIO - Get Free Report) last issued its quarterly earnings data on Tuesday, October 27th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.04. The business had revenue of $1.17 billion during the quarter. Innio had a return on equity of 63.87% and a net margin of 2.71%. As a group, analysts forecast that Innio N.V. will post 0.40 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of INIO. Dragoneer Investment Group LLC acquired a new position in Innio in the 2nd quarter valued at $112,718,000. Value Aligned Research Advisors LLC acquired a new position in Innio during the 2nd quarter worth $53,605,000. Junto Capital Management LP bought a new stake in Innio during the second quarter valued at about $26,193,000. Squarepoint Ops LLC bought a new stake in Innio during the second quarter valued at about $13,842,000. Finally, HBK Investments L P bought a new stake in Innio during the second quarter valued at about $6,031,000.

Innio Company Profile

INNIO is an energy technology company that provides power-generation and gas-compression solutions for industrial, commercial and utility customers. Its portfolio includes Jenbacher gas engines and Waukesha engines, along with associated equipment, digital tools and long-term service offerings.

The company's solutions are designed for applications including combined heat and power, distributed power generation, microgrids and gas compression. INNIO supports a range of fuel sources, including natural gas, biogas and hydrogen blends, helping customers produce electricity and useful heat while supporting grid reliability and energy-system flexibility.

INNIO was established in 2018 following the acquisition of GE's Distributed Power business by Advent International.

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