Intrepid Potash (NYSE:IPI) Shares Cross Above Two Hundred Day Moving Average - Here's What Happened

Intrepid Potash, Inc (NYSE:IPI - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $29.13 and traded as high as $33.08. Intrepid Potash shares last traded at $31.9120, with a volume of 376,697 shares.Get Intrepid Potash alerts:Analyst Ratings ChangesScottsMiracle-Gro Stock Blooms After Investor Day Optimism Several research firms recently weighed in on IPI. Zacks Research lowered shares of Intrepid Potash from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 20th. Wall Street Zen cut Intrepid Potash from a "buy" rating to a "hold" rating in a research report on Saturday, November 8th. UBS Group raised their price target on Intrepid Potash from $23.00 to $24.00 and gave the stock a "sell" rating in a report on Monday, January 12th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Intrepid Potash in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Sell" and a consensus price target of $24.00.Check Out Our Latest Report on Intrepid PotashIntrepid Potash Stock PerformanceThe 8 best agricultural ETFs to consider for your portfolioThe stock has a market capitalization of $428.58 million, a P/E ratio of -2.11 and a beta of 1.59. The business has a 50 day simple moving average of $27.48 and a 200-day simple moving average of $29.13. Intrepid Potash (NYSE:IPI - Get Free Report) last posted its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.02). Intrepid Potash had a positive return on equity of 2.32% and a negative net margin of 70.24%.The firm had revenue of $53.22 million during the quarter, compared to the consensus estimate of $49.54 million. Equities research analysts forecast that Intrepid Potash, Inc will post -0.17 EPS for the current fiscal year. Hedge Funds Weigh In On Intrepid PotashLarge investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Intrepid Potash by 5.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,572 shares of the basic materials company's stock worth $193,000 after purchasing an additional 312 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Intrepid Potash by 197.8% during the second quarter. EverSource Wealth Advisors LLC now owns 819 shares of the basic materials company's stock worth $29,000 after buying an additional 544 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Intrepid Potash by 80.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,360 shares of the basic materials company's stock worth $49,000 after buying an additional 607 shares during the last quarter. Summit Global Investments grew its position in Intrepid Potash by 4.3% in the third quarter. Summit Global Investments now owns 14,826 shares of the basic materials company's stock worth $453,000 after buying an additional 611 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its holdings in shares of Intrepid Potash by 3.5% in the third quarter. Campbell & CO Investment Adviser LLC now owns 18,700 shares of the basic materials company's stock valued at $572,000 after buying an additional 632 shares in the last quarter. Institutional investors own 56.13% of the company's stock. About Intrepid Potash (Get Free Report)Intrepid Potash, Inc is a leading U.S.-based producer and marketer of potash and related specialty fertilizer products. The company's primary business centers on potassium chloride, a key nutrient used in agricultural applications to enhance crop yield and quality. In addition to potash, Intrepid Potash produces magnesium chloride and sodium chloride, which serve a variety of markets including de-icing, dust control and industrial chemical production. Intrepid Potash operates through a combination of solution mining, solar evaporation and conventional underground mining techniques.Featured ArticlesFive stocks we like better than Intrepid PotashElon Taking SpaceX Public! $100 Pre-IPO Opportunity!How a Family Trust May Be Able To Help Preserve Your WealthDo not delete, read immediatelyA U.S. “birthright” claim worth trillions - activated quietlyExecutive Order 14330: Trump’s Biggest YetThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Intrepid Potash Right Now?Before you consider Intrepid Potash, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Intrepid Potash wasn't on the list.While Intrepid Potash currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here