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Shares of Innophos Holdings (NASDAQ:IPHS) hit a new 52-week low during mid-day trading on Tuesday, AnalystRatings.Net reports. The stock traded as low as $44.89 and last traded at $45.11, with a volume of 80,908 shares trading hands. The stock had previously closed at $45.53.

Separately, analysts at Zacks upgraded shares of Innophos Holdings from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 31st. They now have a $49.20 price target on the stock.

The company also recently declared a quarterly dividend, which is scheduled for Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of 0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend is Wednesday, February 12th.

Innophos Holdings, Inc (NASDAQ:IPHS), is a producer of mineral-based specialty ingredients with applications in food, beverage, pharmaceutical, oral care and industrial end markets.

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