Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Stock Price Down 3.9% – Should You Sell?

Shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) traded down 3.9% on Wednesday . The stock traded as low as $14.61 and last traded at $14.61. 36,601 shares traded hands during trading, a decline of 90% from the average session volume of 349,164 shares. The stock had previously closed at $15.20.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Citigroup lowered their target price on Market Vectors Indian Rupee/USD ETN from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Monday, September 29th. Raymond James Financial reiterated a “strong-buy” rating and set a $23.00 price objective (down from $29.00) on shares of Market Vectors Indian Rupee/USD ETN in a research report on Monday, September 15th. KeyCorp dropped their price objective on shares of Market Vectors Indian Rupee/USD ETN from $22.00 to $19.00 and set an “overweight” rating for the company in a research note on Wednesday, November 12th. Finally, Roth Capital boosted their target price on shares of Market Vectors Indian Rupee/USD ETN from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th.

Market Vectors Indian Rupee/USD ETN Stock Down 3.1%

The stock’s 50-day simple moving average is $13.30 and its 200 day simple moving average is $14.14. The firm has a market cap of $896.73 million and a P/E ratio of -33.48.

Insider Buying and Selling

In other Market Vectors Indian Rupee/USD ETN news, Director David P. Poole bought 8,646 shares of the stock in a transaction on Tuesday, December 16th. The stock was acquired at an average cost of $12.94 per share, for a total transaction of $111,879.24. Following the completion of the acquisition, the director owned 16,146 shares in the company, valued at $208,929.24. This trade represents a 115.28% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

About Market Vectors Indian Rupee/USD ETN

International Consolidated Airlines Group, SA, together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, Ireland, the United States, and rest of the world. The company operates under the British Airways, Iberia, Vueling, Aer Lingus, and LEVEL brands. It operates a fleet of 533 aircraft flying to 279 destinations. International Consolidated Airlines Group, SA, was incorporated in 2009 and is based in Madrid, Spain.