Innospec (NASDAQ:IOSP – Get Free Report) issued its earnings results on Tuesday. The specialty chemicals company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.36 by $0.05, Zacks reports. Innospec had a return on equity of 13.33% and a net margin of 7.68%.
Innospec Stock Up 1.6 %
Shares of IOSP stock traded up $1.69 on Tuesday, reaching $109.88. The company’s stock had a trading volume of 134,307 shares, compared to its average volume of 109,649. The company has a market capitalization of $2.74 billion, a P/E ratio of 19.18 and a beta of 1.09. Innospec has a 12-month low of $103.65 and a 12-month high of $133.71. The stock’s 50 day simple moving average is $111.79 and its 200-day simple moving average is $112.74.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of Innospec from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 11th.
About Innospec
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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