Stock Analysis:Tio Networks Corp (TSE:TNC) Price Target Change
In an analyst note finalized by Paradigm Research on Friday, 18 December, Tio Networks Corp (TSE:TNC) had its target price hiked to $2.50. The firm right now has a solid “Buy” rating on shares.
The stock decreased 0.80% or $0.46 on December 18, striking $56.86. Approximately 176,966 shares of stock traded hands or 159.25% up from the average. Tennant Company (TSE:TNC) has risen 6.00% since November 19, 2015 and is uptrending. It has outperformed by 9.81% the S&P500.
The overall sentiment of institutions has decreased to 1.13 in Q2 2015. Its down 0.02, from 1.15 in 2015Q2. The ratio fall, as 12 institutions have sold all the shares of Tennant Company that they owned while 51 funds have taken shares off the table. 12 funds have purchased shares for the first time while 59 added to their positions. These institutions now hold 13.85 million shares or 11.82% less than the 15.71 million shares they owned in 2015Q2.
The Fund Sfe Investment Counsel currently is holding shares equating to 2.46% of its total portfolio in Tennant Company representing a total of 82,865 shares. Another fund,Nichols Asset Management Llc, is holding a total of 137,564 shares equating to 1.73% of their holdings. Additionally, Arrowpoint Asset Management Llc has a 761,677 share stake in Tennant Company which represents 1.17% of their total portfolio. The Fund, Clean Yield Group, based out of Vermont, has also built up a stake in the stock, which represents a total of 1.09% of their total portfolio. Finally Rice Hall James & Associates Llc, a fund which is based in the state of California reported a total holdings of 297,366 shares.
Tennant Company provides cleaning products and solutions. The company has a market cap of $1.02 billion. The Firm is engaged in designing, manufacturing and marketing cleaning solutions. It has 29.28 P/E ratio. The Firm is organized into four operating divisions: North America; Latin America; Europe, Middle East, Africa, and Asia Pacific.
According to Zacks Investment Research, “Tennant Company, is a Minneapolis-based company that specializes in the design, manufacture, and sale of non-residential floor maintenance equipment and related products. The Company acquired the business and assets of Castex Industries, Inc., a privately owned manufacturer of commercial floor maintenance equipment. Products consisting mainly of motorized cleaning equipment and related products, including floor cleaning and preservation products, are sold through a direct sales organization and independent distributors.”