Inno (NASDAQ:INHD) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of Inno (NASDAQ:INHD) from a hold rating to a sell rating in a report released on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Inno in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Inno Price Performance

Shares of INHD opened at $1.10 on Friday. Inno has a 12 month low of $1.01 and a 12 month high of $19.78. The stock’s 50-day moving average price is $2.98 and its two-hundred day moving average price is $3.04.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Inno stock. Geode Capital Management LLC grew its holdings in Inno Holdings Inc. (NASDAQ:INHD) by 48.6% during the second quarter, according to its most recent 13F 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 about 0.40% of Inno worth $43,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 0.16% of the company’s stock.

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.