Inno (NASDAQ:INHD) Rating Lowered to “Sell” at Wall Street Zen

Inno (NASDAQ:INHD) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and 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 data from MarketBeat.com, the company presently has an average rating of “Sell”.

Inno Price Performance

NASDAQ:INHD opened at $1.08 on Friday. The firm has a market cap of $9.08 million, a PE ratio of -0.07 and a beta of -1.06. The firm has a 50 day simple moving average of $1.26 and a 200-day simple moving average of $29.69. Inno has a 1-year low of $0.97 and a 1-year high of $474.72.

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

Institutional Investors Weigh In On Inno

Large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new position in Inno in the 4th quarter worth $36,000. T3 Companies LLC acquired a new stake in shares of Inno during the fourth quarter valued at about $41,000. Geode Capital Management LLC increased its position in shares of Inno by 48.6% during the second quarter. Geode Capital Management LLC now owns 31,128 shares of the company’s stock worth $43,000 after acquiring an additional 10,177 shares during the last quarter. Two Sigma Investments LP acquired a new position in shares of Inno in the third quarter worth about $58,000. Finally, Jane Street Group LLC purchased a new position in Inno in the fourth quarter valued at about $75,000. 0.16% of the stock is owned by institutional investors and hedge funds.

About Inno

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.