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Friedman Industries (NYSE:FRD) posted its quarterly earnings results on Wednesday. The company reported ($0.02) earnings per share for the quarter, Analyst Ratings.Net reports. The company had revenue of $27.90 million for the quarter, compared to the consensus estimate of $29.58 million.

Friedman Industries (NYSE:FRD) traded up 0.46% during mid-day trading on Wednesday, hitting $8.78. 2,808 shares of the company’s stock traded hands. Friedman Industries has a 1-year low of $7.87 and a 1-year high of $10.36. The stock’s 50-day moving average is $8.51 and its 200-day moving average is $8.41. The company has a market cap of $59.7 million and a price-to-earnings ratio of 34.96.

Friedman Industries, Incorporated is engaged in steel processing, pipe manufacturing and processing, and steel and pipe distribution.

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