Wall Street Zen Upgrades Inno (NASDAQ:INHD) to Hold

Inno (NASDAQ:INHD) was upgraded by equities researchers at Wall Street Zen from a “strong sell” rating to a “hold” 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 Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Inno Price Performance

Shares of Inno stock opened at $1.21 on Friday. Inno has a 1 year low of $1.05 and a 1 year high of $474.72. The firm has a market cap of $4.94 million, a PE ratio of -0.06 and a beta of -1.20. The company has a 50 day simple moving average of $1.88 and a two-hundred day simple moving average of $32.77.

Inno (NASDAQ:INHD) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported ($0.01) earnings per share 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 for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Inno stock. Geode Capital Management LLC boosted its stake in shares of 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 acquiring an additional 10,177 shares during the quarter. 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). 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. Inno Holdings Inc was founded in 2019 and is headquartered in Brookshire, Texas.