Innospec Inc. (NASDAQ:IOSP – Get Free Report) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 221,900 shares, an increase of 5.9% from the July 15th total of 209,600 shares. Based on an average daily trading volume, of 127,600 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.9% of the company’s stock are short sold.
Innospec Trading Up 1.6 %
Innospec stock traded up $1.75 during midday trading on Monday, hitting $110.54. The stock had a trading volume of 82,006 shares, compared to its average volume of 105,604. The stock has a market cap of $2.76 billion, a P/E ratio of 18.77 and a beta of 1.10. The business has a fifty day moving average price of $121.97 and a 200 day moving average price of $123.66. Innospec has a 12 month low of $95.69 and a 12 month high of $133.71.
Innospec (NASDAQ:IOSP – Get Free Report) last posted its earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.37 by $0.02. The company had revenue of $435.00 million during the quarter, compared to analyst estimates of $468.73 million. Innospec had a return on equity of 14.15% and a net margin of 7.90%. The business’s revenue was down 9.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.28 earnings per share. On average, equities analysts anticipate that Innospec will post 5.95 EPS for the current fiscal year.
Hedge Funds Weigh In On Innospec
Analysts Set New Price Targets
Separately, StockNews.com downgraded shares of Innospec from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 8th.
Read Our Latest Research Report on Innospec
Innospec Company Profile
Innospec Inc develops, manufactures, blends, markets, and supplies specialty chemicals in the United States, rest of North America, the United Kingdom, rest of Europe, and internationally. The company's Fuel Specialties segment offers a range of specialty chemical products that are used as additives in additives in diesel, jet, marine, fuel oil and other fuels.
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