Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Hits New 12-Month Low – Time to Sell?

Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR)’s stock price hit a new 52-week low during mid-day trading 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.

Analysts Set New Price Targets

Several research analysts recently commented on INR shares. Citigroup assumed coverage on shares of Market Vectors Indian Rupee/USD ETN in a report on Tuesday. They issued a “buy” rating and a $27.00 price target on the stock. Stephens started coverage on shares of Market Vectors Indian Rupee/USD ETN in a research note on Tuesday. They issued an “overweight” rating and a $30.00 target price on the stock. Royal Bank of Canada assumed coverage on Market Vectors Indian Rupee/USD ETN in a report on Tuesday. They issued an “outperform” rating and a $30.00 price target for the company. Raymond James assumed coverage on shares of Market Vectors Indian Rupee/USD ETN in a research report on Tuesday. They issued a “strong-buy” rating and a $30.00 price objective for the company. Finally, KeyCorp started coverage on shares of Market Vectors Indian Rupee/USD ETN in a research report on Tuesday. They set an “overweight” rating and a $26.00 target price on the stock. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $28.43.

Market Vectors Indian Rupee/USD ETN Stock Down 0.9 %

The firm’s fifty day moving average is $31.16 and its 200-day moving average is $36.28.

Insider Activity

In other Market Vectors Indian Rupee/USD ETN news, Director Steven D. Gray bought 15,000 shares of the stock in a transaction on Monday, February 3rd. The stock was purchased at an average price of $20.00 per share, for a total transaction of $300,000.00. Following the completion of the purchase, the director now directly owns 15,000 shares in the company, valued at approximately $300,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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.