TPI Composites Inc (NASDAQ:TPIC)’s share price dropped 2% on Tuesday . The company traded as low as $19.99 and last traded at $20.32, with a volume of 84,907 shares traded. The stock had previously closed at $20.73.

TPIC has been the subject of a number of research reports. Raymond James Financial Inc. initiated coverage on shares of TPI Composites in a research report on Tuesday, August 16th. They set an “outperform” rating and a $20.00 target price for the company. Morgan Stanley began coverage on shares of TPI Composites in a report on Tuesday, August 16th. They issued an “overweight” rating and a $21.00 price target on the stock. Canaccord Genuity began coverage on shares of TPI Composites in a report on Tuesday, August 16th. They issued a “buy” rating and a $20.00 price target on the stock. Cowen and Company began coverage on shares of TPI Composites in a report on Tuesday, August 16th. They issued an “outperform” rating and a $21.00 price target on the stock. Finally, JPMorgan Chase & Co. began coverage on shares of TPI Composites in a report on Tuesday, August 16th. They issued an “overweight” rating and a $22.00 price target on the stock. Five analysts have rated the stock with a buy rating, TPI Composites has a consensus rating of “Buy” and an average price target of $21.40.

The stock has a 50 day moving average price of $17.97 and a 200 day moving average price of $17.38. The stock has a market cap of $657.95 million and a PE ratio of 6.52.

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In other TPI Composites news, Director James Alton Hughes bought 13,636 shares of the firm’s stock in a transaction on Wednesday, July 27th. The stock was acquired at an average price of $11.00 per share, with a total value of $149,996.00. Following the transaction, the director now owns 13,636 shares in the company, valued at $149,996. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Steven C. Lockard bought 22,727 shares of the firm’s stock in a transaction on Wednesday, July 27th. The stock was acquired at an average cost of $11.00 per share, with a total value of $249,997.00. Following the transaction, the insider now owns 290,894 shares in the company, valued at approximately $3,199,834. The disclosure for this purchase can be found here.

About TPI Composites

TPI Composites, Inc (TPI) is a United States-based company engaged in manufacturing wind blades, and related precision molding and assembly systems. The Company operates through four geographic operating segments: the United States, Asia, Mexico and Europe, the Middle East and Africa (EMEA). The United States segment includes the manufacturing of wind blades at its Newton, Iowa plant; the manufacturing of precision molding and assembly systems used for the manufacture of wind blades, and the manufacturing of composite solutions for the transportation industry.

5 Day Chart for NASDAQ:TPIC

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