Inno (NASDAQ:INHD) Upgraded to “Hold” at Wall Street Zen

Inno (NASDAQ:INHD) was upgraded by stock analysts at Wall Street Zen from a “strong sell” rating to a “hold” rating in a research note issued on Saturday.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Inno in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Inno Stock Performance

Shares of Inno stock opened at $1.21 on Friday. The stock has a market capitalization of $4.94 million, a P/E ratio of -0.06 and a beta of -1.19. Inno has a 52-week low of $1.05 and a 52-week high of $474.72. The stock’s 50-day simple moving average is $1.88 and its 200 day simple moving average is $32.80.

Inno (NASDAQ:INHD) last posted its earnings results on Tuesday, February 3rd. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $1.46 million during the quarter. Inno had a negative return on equity of 24.17% and a negative net margin of 158.32%.

Institutional Investors Weigh In On Inno

An institutional investor recently raised its position in Inno stock. Geode Capital Management LLC boosted its holdings in Inno Holdings Inc. (NASDAQ:INHD) by 48.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,128 shares of the company’s stock after purchasing an additional 10,177 shares during the period. Geode Capital Management LLC owned approximately 0.40% of Inno worth $43,000 at the end of the most recent reporting period. 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. Inno Holdings Inc was founded in 2019 and is headquartered in Brookshire, Texas.