Inno (NASDAQ:INHD) Announces Quarterly Earnings Results

Inno (NASDAQ:INHD) announced its quarterly earnings data on Tuesday. The company reported ($0.70) earnings per share (EPS) for the quarter, FiscalAI reports. Inno had a negative return on equity of 13.08% and a negative net margin of 86.76%.The business had revenue of $2.07 million during the quarter.

Inno Stock Down 0.2%

Inno stock opened at $8.00 on Wednesday. Inno has a 12 month low of $1.01 and a 12 month high of $7,651.20. The stock has a market cap of $20.16 million, a P/E ratio of -0.05 and a beta of -23.70. The company’s fifty day simple moving average is $31.52 and its 200-day simple moving average is $19.62.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Inno from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, August 3rd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Inno has a consensus rating of “Sell”.

Institutional Trading of Inno

A number of institutional investors have recently bought and sold shares of INHD. Virtu Financial LLC acquired a new position in Inno in the 4th quarter worth about $36,000. T3 Companies LLC acquired a new stake in shares of Inno during the 4th quarter valued at about $41,000. Geode Capital Management LLC lifted its holdings in shares of Inno by 48.6% during the 2nd quarter. Geode Capital Management LLC now owns 31,128 shares of the company’s stock valued at $43,000 after buying an additional 10,177 shares during the last quarter. Two Sigma Investments LP bought a new stake in shares of Inno in the 3rd quarter valued at approximately $58,000. Finally, Jane Street Group LLC bought a new stake in shares of Inno in the 4th quarter valued at approximately $75,000. Institutional investors and hedge funds 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.