BidaskClub cut shares of Innophos (NASDAQ:IPHS) from a hold rating to a sell rating in a research report released on Saturday, January 20th.
A number of other research firms also recently issued reports on IPHS. Zacks Investment Research downgraded Innophos from a strong-buy rating to a hold rating in a research report on Wednesday, October 4th. KeyCorp reissued a hold rating on shares of Innophos in a research report on Wednesday, November 1st.
Innophos (NASDAQ:IPHS) traded up $0.11 on Friday, hitting $41.72. The stock had a trading volume of 102,141 shares, compared to its average volume of 127,412. Innophos has a fifty-two week low of $40.45 and a fifty-two week high of $58.22. The company has a quick ratio of 1.49, a current ratio of 2.86 and a debt-to-equity ratio of 0.83. The company has a market cap of $814.75, a P/E ratio of 19.23 and a beta of 0.76.
Several hedge funds and other institutional investors have recently modified their holdings of IPHS. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Innophos during the 3rd quarter worth $109,000. Public Employees Retirement System of Ohio lifted its stake in shares of Innophos by 5.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,824 shares of the specialty chemicals company’s stock worth $124,000 after purchasing an additional 157 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in shares of Innophos during the 3rd quarter worth $193,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Innophos during the 3rd quarter worth $209,000. Finally, Alps Advisors Inc. purchased a new stake in shares of Innophos during the 4th quarter worth $213,000. Hedge funds and other institutional investors own 94.71% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “BidaskClub Downgrades Innophos (NASDAQ:IPHS) to Sell” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://ledgergazette.com/2018/02/12/bidaskclub-lowers-innophos-iphs-to-sell.html.
Innophos Holdings, Inc is a producer of nutritional specialty ingredients with applications in food, beverage, dietary supplements, pharmaceutical, oral care and industrial end markets. The Company also provides bioactive mineral and nutritional ingredients. The Company’s segments include Specialty Phosphates US & Canada, Specialty Phosphates Mexico, and Granular Triple Super Phosphate (GTSP) & Other.
Receive News & Ratings for Innophos Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Innophos and related companies with MarketBeat.com's FREE daily email newsletter.