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

Wall Street Zen lowered shares of Inno (NASDAQ:INHD) to a strong sell rating in a research note issued to investors on Saturday.

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

Inno Stock Down 11.7%

Shares of NASDAQ:INHD opened at $1.21 on Friday. The stock has a market cap of $4.94 million, a PE ratio of -1.46 and a beta of -1.75. Inno has a 52 week low of $1.18 and a 52 week high of $474.72. The company’s fifty day moving average is $13.04 and its 200 day moving average is $39.69.

Institutional Investors Weigh In On Inno

A hedge fund recently raised its stake in Inno stock. Geode Capital Management LLC grew its stake in shares of Inno Holdings Inc. (NASDAQ:INHD) by 48.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,128 shares of the company’s stock after buying an additional 10,177 shares during the period. Geode Capital Management LLC owned 0.40% of Inno worth $43,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 0.16% of the stock is owned by institutional investors.

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. Inno Holdings Inc was founded in 2019 and is headquartered in Brookshire, Texas.