Inter & Co, Inc. (NASDAQ:INTR) Sets New 1-Year Low – Here’s What Happened

Inter & Co, Inc. (NASDAQ:INTR)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $4.27 and last traded at $4.27, with a volume of 99073 shares changing hands. The stock had previously closed at $4.39.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lowered their price target on Inter & Co, Inc. from $8.50 to $7.20 and set an “overweight” rating on the stock in a research note on Friday, December 13th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $7.30.

Inter & Co, Inc. Stock Performance

The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01. The stock’s fifty day simple moving average is $5.68 and its 200 day simple moving average is $6.30. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 11.54 and a beta of 1.24.

Hedge Funds Weigh In On Inter & Co, Inc.

A number of institutional investors have recently added to or reduced their stakes in the stock. Atom Investors LP purchased a new stake in Inter & Co, Inc. in the 3rd quarter valued at $71,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Inter & Co, Inc. in the third quarter valued at about $91,000. Public Employees Retirement System of Ohio acquired a new stake in Inter & Co, Inc. during the third quarter worth about $103,000. Walleye Capital LLC purchased a new position in Inter & Co, Inc. during the third quarter worth about $162,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Inter & Co, Inc. in the 3rd quarter valued at about $163,000. Hedge funds and other institutional investors own 22.90% of the company’s stock.

Inter & Co, Inc. Company Profile

Inter & Co, Inc, through its subsidiaries, engages in the banking and spending, investments, insurance brokerage businesses. The company's Banking & Spending segment offers banking products and services, including checking accounts, cards, deposits, loans and advances, and other services.