Inno (NASDAQ:INHD) Stock Rating Upgraded by Wall Street Zen

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

Inno Stock Performance

Shares of INHD stock opened at $1.21 on Friday. The company has a market capitalization of $4.94 million, a P/E ratio of -0.06 and a beta of -1.19. Inno has a fifty-two week low of $1.05 and a fifty-two week high of $474.72. The stock has a 50 day moving average price of $1.88 and a two-hundred day moving average price of $32.80.

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

Hedge Funds Weigh In On Inno

A hedge fund recently bought a new stake in Inno stock. Two Sigma Investments LP bought a new stake in shares of Inno Holdings Inc. (NASDAQ:INHD) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 41,938 shares of the company’s stock, valued at approximately $58,000. Two Sigma Investments LP owned approximately 0.38% of Inno as of its most recent filing with the Securities and Exchange Commission (SEC). 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.