Friedman Industries (NASDAQ:FRD) Upgraded at StockNews.com

StockNews.com upgraded shares of Friedman Industries (NASDAQ:FRD) from a hold rating to a buy rating in a research note released on Tuesday.

Friedman Industries Price Performance

NASDAQ FRD opened at $17.24 on Tuesday. Friedman Industries has a fifty-two week low of $12.24 and a fifty-two week high of $19.42. The firm has a market cap of $120.16 million, a price-to-earnings ratio of 21.28 and a beta of 1.39.

Friedman Industries Company Profile

Friedman Industries, Incorporated engages in steel processing, pipe manufacturing and processing, and the steel and pipe distribution businesses the United States. It operates in two segments, Coil and Tubular. The Coil segment is involved in the conversion of steel coils into flat sheet and plate steel cut to customer specifications and reselling steel coils.