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

Inno (NASDAQ:INHDGet Free Report) was upgraded by investment analysts at Wall Street Zen to a “sell” rating in a research note issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings upgraded shares of Inno from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, September 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

View Our Latest Report on INHD

Inno Stock Performance

NASDAQ:INHD opened at $3.05 on Friday. Inno has a twelve month low of $1.01 and a twelve month high of $2,001.60. The company has a 50-day moving average of $15.67 and a 200-day moving average of $16.79. The firm has a market cap of $7.69 million, a price-to-earnings ratio of -0.52 and a beta of -24.12.

Inno (NASDAQ:INHDGet Free Report) last released its earnings results on Tuesday, August 18th. The company reported ($0.70) EPS for the quarter. Inno had a negative return on equity of 9.47% and a negative net margin of 72.63%.The business had revenue of $2.07 million during the quarter.

Hedge Funds Weigh In On Inno

A hedge fund recently bought a new position in Inno stock. T3 Companies LLC purchased a new position in Inno Holdings Inc. (NASDAQ:INHDFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 36,245 shares of the company’s stock, valued at approximately $41,000. T3 Companies LLC owned approximately 0.89% of Inno at the end of the most recent quarter. 0.16% of the stock is currently owned by hedge funds and other institutional investors.

Inno Company Profile

(Get Free Report)

Inno Holdings Inc is a construction technology company focused on the design, development and manufacture of prefabricated modular buildings and related construction products. The company aims to provide alternatives to conventional construction through factory-produced building components and streamlined assembly processes.

Its offerings include modular residential structures, prefabricated homes and light-gauge steel framing systems. These products are intended for applications such as housing and other building projects, with an emphasis on reducing construction time and improving manufacturing efficiency.

Inno Holdings is headquartered in Austin, Texas.

Further Reading

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