Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Sets New 12-Month Low – Here’s Why

Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) reached a new 52-week low on Thursday . The company traded as low as $18.09 and last traded at $18.75, with a volume of 465709 shares. The stock had previously closed at $18.90.

Analyst Ratings Changes

Several research firms recently issued reports on INR. Truist Financial began coverage on Market Vectors Indian Rupee/USD ETN in a report on Friday. They issued a “buy” rating and a $26.00 price objective on the stock. Bank of America started coverage on shares of Market Vectors Indian Rupee/USD ETN in a research note on Tuesday. They set a “buy” rating and a $30.00 price target on the stock. Raymond James started coverage on shares of Market Vectors Indian Rupee/USD ETN in a research note on Tuesday. They issued a “strong-buy” rating and a $30.00 price objective for the company. Citigroup initiated coverage on shares of Market Vectors Indian Rupee/USD ETN in a research note on Tuesday. They set a “buy” rating and a $27.00 target price on the stock. Finally, Royal Bank of Canada started coverage on shares of Market Vectors Indian Rupee/USD ETN in a research report on Tuesday. They issued an “outperform” rating and a $30.00 price target for the company. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Market Vectors Indian Rupee/USD ETN currently has a consensus rating of “Buy” and an average price target of $28.43.

Market Vectors Indian Rupee/USD ETN Trading Down 0.9 %

The company has a 50 day moving average price of $31.16 and a 200 day moving average price of $36.28.

Insider Activity at Market Vectors Indian Rupee/USD ETN

In other Market Vectors Indian Rupee/USD ETN news, Director Steven D. Gray bought 15,000 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was purchased at an average cost of $20.00 per share, for a total transaction of $300,000.00. Following the acquisition, the director now owns 15,000 shares of the company’s stock, valued at $300,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Market Vectors Indian Rupee/USD ETN Company Profile

International Consolidated Airlines Group, SA, together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, Ireland, the United States, and rest of the world. The company operates under the British Airways, Iberia, Vueling, Aer Lingus, and LEVEL brands.