Inno (NASDAQ:INHD) Rating Lowered to “Strong Sell” at Wall Street Zen

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

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Inno in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Inno Trading Up 4.6%

NASDAQ:INHD opened at $1.37 on Friday. The company has a market capitalization of $5.59 million, a P/E ratio of -1.65 and a beta of -1.75. The firm has a 50-day moving average price of $13.60 and a two-hundred day moving average price of $39.88. Inno has a twelve month low of $1.30 and a twelve month high of $474.72.

Institutional Trading of Inno

An institutional investor recently bought a new position in Inno stock. Two Sigma Investments LP purchased a new stake in Inno Holdings Inc. (NASDAQ:INHD) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 41,938 shares of the company’s stock, valued at approximately $58,000. Two Sigma Investments LP owned 0.38% of Inno at the end of the most recent reporting period. 0.16% of the stock is owned by hedge funds and other institutional investors.

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.