Inno (NASDAQ:INHD) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Inno (NASDAQ:INHD) to a sell rating in a report issued on Friday morning.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Inno in a report on Saturday, September 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Inno Stock Up 0.8%

INHD stock opened at $1.32 on Friday. The business’s 50-day moving average price is $2.98 and its 200-day moving average price is $3.17. Inno has a twelve month low of $1.11 and a twelve month high of $19.78.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Inno stock. Geode Capital Management LLC boosted its holdings in Inno Holdings Inc. (NASDAQ:INHD) by 48.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,128 shares of the company’s stock after purchasing an additional 10,177 shares during the quarter. Geode Capital Management LLC owned approximately 0.40% of Inno worth $43,000 as of its most recent SEC filing. 0.16% of the stock is owned by institutional investors and hedge funds.

Inno Company Profile

Inno Holdings Inc manufactures and sells cold-formed-steel members, castor cubes, mobile factories, and prefabricated homes in the United States. The company provides cold-formed steel framing and a mobile factory for off-site equipment rental, sales, service, and support. It serves in residential, commercial, industrial, and infrastructure projects.