Inno (NASDAQ:INHD) Earns “Sell (E+)” Rating from Weiss Ratings

Inno (NASDAQ:INHD)‘s stock had its “sell (e+)” rating reaffirmed by research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised Inno to a “sell” rating in a research note on Friday, October 3rd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Inno Price Performance

INHD stock opened at $1.31 on Wednesday. The business’s fifty day moving average is $2.98 and its 200-day moving average is $3.13. Inno has a twelve month low of $1.11 and a twelve month high of $19.78.

Institutional Trading of Inno

A hedge fund recently raised its stake in Inno stock. Geode Capital Management LLC boosted its stake in shares of Inno Holdings Inc. (NASDAQ:INHD) by 48.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. 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 approximately 0.40% of Inno worth $43,000 as of its most recent filing with the SEC. Institutional investors and hedge funds 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.