Inno (NASDAQ:INHD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Inno (NASDAQ:INHD) to a sell rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings upgraded shares of Inno from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, September 4th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Inno Trading Up 17.7%

NASDAQ:INHD opened at $3.59 on Friday. Inno has a 1 year low of $1.01 and a 1 year high of $2,001.60. The stock has a 50-day moving average price of $14.96 and a two-hundred day moving average price of $16.67. The stock has a market cap of $9.05 million, a price-to-earnings ratio of -0.61 and a beta of -24.12.

Inno (NASDAQ:INHD) last released its quarterly earnings results on Tuesday, August 18th. The company reported ($0.70) EPS for the quarter. Inno had a negative return on equity of 9.47% and a negative net margin of 72.63%.The business had revenue of $2.07 million for the quarter.

Institutional Trading of Inno

An institutional investor recently bought a new position in Inno stock. T3 Companies LLC acquired a new position in shares of Inno Holdings Inc. (NASDAQ:INHD) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 36,245 shares of the company’s stock, valued at approximately $41,000. T3 Companies LLC owned approximately 0.89% of Inno as of its most recent filing with the Securities & Exchange Commission. 0.16% of the stock is currently owned by institutional investors and hedge funds.

Inno Company Profile

Inno Holdings Inc is a construction technology company focused on the design, development and manufacture of prefabricated modular buildings and related construction products. The company aims to provide alternatives to conventional construction through factory-produced building components and streamlined assembly processes.

Its offerings include modular residential structures, prefabricated homes and light-gauge steel framing systems. These products are intended for applications such as housing and other building projects, with an emphasis on reducing construction time and improving manufacturing efficiency.

Inno Holdings is headquartered in Austin, Texas.