Wall Street Zen Upgrades Inno (NASDAQ:INHD) to Sell

Inno (NASDAQ:INHD) was upgraded by equities research analysts at Wall Street Zen to a “sell” rating in a research report issued to clients and investors on Friday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Inno in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Inno currently has an average rating of “Sell”.

Inno Stock Up 0.8%

NASDAQ:INHD opened at $1.32 on Friday. Inno has a 1 year low of $1.11 and a 1 year high of $19.78. The stock’s 50 day simple moving average is $2.98 and its two-hundred day simple moving average is $3.18.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Inno stock. Geode Capital Management LLC raised its position in shares of Inno Holdings Inc. (NASDAQ:INHD) by 48.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,128 shares of the company’s stock after buying an additional 10,177 shares during the period. Geode Capital Management LLC owned about 0.40% of Inno worth $43,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors 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.