On 8/7/24, Innospec Inc (NASDAQ: IOSP) stock suffered a major decline of -10.3%, closing at $106.11. Moreover, this decline was accompanied by unusually high trading volume at 183% of normal. Relative to the market the stock has been strong over the last nine months but has declined -19.1% during the last week.
Current PriceTarget Research Rating
IOSP is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Innospec has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Innospec has a slightly negative Appreciation Score of 37 but a slightly positive Power Rating of 66, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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