Inno (NASDAQ:INHD) Upgraded at Wall Street Zen

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

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Inno in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Inno Price Performance

Shares of NASDAQ:INHD opened at $1.20 on Friday. The company’s 50-day moving average price is $1.82 and its two-hundred day moving average price is $32.54. Inno has a one year low of $1.05 and a one year high of $474.72. The stock has a market capitalization of $4.90 million, a PE ratio of -0.06 and a beta of -1.20.

Inno (NASDAQ:INHD) last released its earnings results on Tuesday, February 3rd. The company reported ($0.01) earnings per share (EPS) for the quarter. Inno had a negative net margin of 158.32% and a negative return on equity of 24.17%. The company had revenue of $1.46 million during the quarter.

Institutional Trading of Inno

A hedge fund recently bought a new stake in Inno stock. Two Sigma Investments LP bought a new position in shares of Inno Holdings Inc. (NASDAQ:INHD) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 41,938 shares of the company’s stock, valued at approximately $58,000. Two Sigma Investments LP owned about 0.38% of Inno at the end of the most recent quarter. 0.16% of the stock is currently owned by hedge funds and other 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.