Inno (NASDAQ:INHD) Issues Quarterly Earnings Results

Inno (NASDAQ:INHD) issued its earnings results on Tuesday. The company reported ($0.70) EPS for the quarter, FiscalAI reports. The company had revenue of $2.07 million during the quarter. Inno had a negative return on equity of 10.72% and a negative net margin of 72.63%.

Inno Price Performance

Shares of INHD stock opened at $7.47 on Thursday. The firm’s 50-day moving average is $30.88 and its two-hundred day moving average is $19.50. The company has a market capitalization of $18.82 million, a PE ratio of -0.05 and a beta of -23.74. Inno has a 12 month low of $1.01 and a 12 month high of $7,651.20.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of INHD. Jane Street Group LLC purchased a new position in shares of Inno during the 4th quarter worth approximately $75,000. Two Sigma Investments LP purchased a new position in shares of Inno in the 3rd quarter valued at about $58,000. T3 Companies LLC acquired a new position in Inno during the 4th quarter worth approximately $41,000. Virtu Financial LLC acquired a new stake in Inno in the fourth quarter valued at $36,000. Finally, Geode Capital Management LLC boosted its holdings in Inno by 48.6% in the second quarter. Geode Capital Management LLC now owns 31,128 shares of the company’s stock valued at $43,000 after purchasing an additional 10,177 shares in the last quarter. Institutional investors and hedge funds own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Inno from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

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.