Innophos (NASDAQ:IPHS) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

A number of other brokerages also recently commented on IPHS. KeyCorp restated a “hold” rating on shares of Innophos in a research note on Wednesday, November 1st. Zacks Investment Research downgraded shares of Innophos from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th.

Shares of Innophos (IPHS) traded up $0.45 during trading hours on Thursday, reaching $44.91. 182,602 shares of the company traded hands, compared to its average volume of 150,316. The company has a market cap of $868.26, a P/E ratio of 18.07 and a beta of 0.86. Innophos has a one year low of $41.66 and a one year high of $58.22. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.86 and a quick ratio of 1.49.

Innophos (NASDAQ:IPHS) last issued its quarterly earnings results on Tuesday, October 31st. The specialty chemicals company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.72 by $0.06. The company had revenue of $184.00 million for the quarter, compared to the consensus estimate of $179.33 million. Innophos had a net margin of 6.19% and a return on equity of 13.90%. The firm’s revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.69 EPS. analysts predict that Innophos will post 2.5 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of IPHS. Strs Ohio grew its stake in Innophos by 15.6% in the 2nd quarter. Strs Ohio now owns 18,500 shares of the specialty chemicals company’s stock worth $811,000 after acquiring an additional 2,500 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its position in shares of Innophos by 3.7% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,380 shares of the specialty chemicals company’s stock worth $279,000 after purchasing an additional 230 shares during the period. Great West Life Assurance Co. Can lifted its position in shares of Innophos by 4.5% in the 2nd quarter. Great West Life Assurance Co. Can now owns 28,126 shares of the specialty chemicals company’s stock worth $1,232,000 after purchasing an additional 1,200 shares during the period. Texas Permanent School Fund lifted its position in shares of Innophos by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 14,220 shares of the specialty chemicals company’s stock worth $623,000 after purchasing an additional 131 shares during the period. Finally, Sei Investments Co. lifted its position in shares of Innophos by 51.1% in the 2nd quarter. Sei Investments Co. now owns 33,655 shares of the specialty chemicals company’s stock worth $1,476,000 after purchasing an additional 11,382 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

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About Innophos

Innophos Holdings, Inc is a producer of nutritional specialty ingredients with applications in food, beverage, dietary supplements, pharmaceutical, oral care and industrial end markets. The Company also provides bioactive mineral and nutritional ingredients. The Company’s segments include Specialty Phosphates US & Canada, Specialty Phosphates Mexico, and Granular Triple Super Phosphate (GTSP) & Other.

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