Friedman Industries (NYSE:FRD) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Friedman Industries (NYSE:FRDGet Rating) in a report published on Monday morning. The brokerage issued a strong-buy rating on the stock.

FRD stock opened at $8.55 on Monday. Friedman Industries has a one year low of $7.37 and a one year high of $15.63. The stock has a market cap of $58.62 million, a PE ratio of 1.85 and a beta of 0.77. The business has a 50 day moving average of $8.36.

About Friedman Industries (Get Rating)

Friedman Industries, Inc engages in the provision of manufacture and trade of steel products. It operates through the Coil and Tubular segments. The Coil segment produces and markets hot-rolled steel and coils. The Tubular segment focuses on the operation of two electric resistance welded pipe mills with a combined outside diameter.

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