Wall Street Zen Downgrades Inno (NASDAQ:INHD) to Strong Sell

Inno (NASDAQ:INHD) was downgraded by equities research analysts at Wall Street Zen to a “strong sell” rating in a report issued on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Inno in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Inno has a consensus rating of “Sell”.

Inno Stock Performance

INHD opened at $1.37 on Friday. Inno has a fifty-two week low of $1.30 and a fifty-two week high of $474.72. The firm has a 50-day moving average of $13.60 and a 200 day moving average of $39.75. The firm has a market cap of $5.59 million, a P/E ratio of -1.65 and a beta of -1.80.

Institutional Trading of Inno

An institutional investor recently raised its position in Inno stock. Geode Capital Management LLC increased its holdings in Inno Holdings Inc. (NASDAQ:INHD) by 48.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,128 shares of the company’s stock after buying an additional 10,177 shares during the period. Geode Capital Management LLC owned 0.40% of Inno worth $43,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 0.16% of the company’s stock.

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.