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

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

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

Inno Price Performance

INHD opened at $1.37 on Friday. Inno has a fifty-two week low of $1.30 and a fifty-two week high of $474.72. The firm has a market capitalization of $5.59 million, a PE ratio of -1.65 and a beta of -1.80. The company’s 50-day moving average is $13.60 and its 200 day moving average is $39.75.

Hedge Funds Weigh In On Inno

An institutional investor recently raised its position in Inno stock. Geode Capital Management LLC lifted its holdings in shares of Inno Holdings Inc. (NASDAQ:INHD) by 48.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,128 shares of the company’s stock after acquiring an additional 10,177 shares during the quarter. Geode Capital Management LLC owned 0.40% of Inno worth $43,000 at the end of the most recent quarter. 0.16% of the stock is currently owned by 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.