INNOVATE (NYSE:VATE) Releases Quarterly Earnings Results

INNOVATE (NYSE:VATE) announced its quarterly earnings data on Monday. The company reported ($1.29) earnings per share (EPS) for the quarter, Zacks reports.

INNOVATE Stock Performance

NYSE:VATE traded down $0.35 during mid-day trading on Monday, hitting $7.81. 48,541 shares of the company’s stock traded hands, compared to its average volume of 191,348. The firm’s 50 day simple moving average is $9.95 and its 200 day simple moving average is $6.77. The company has a market cap of $103.56 million, a PE ratio of -2.18 and a beta of 2.82. INNOVATE has a 1 year low of $3.25 and a 1 year high of $13.79.

INNOVATE Company Profile

INNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States. The Infrastructure segment provides industrial construction, structural steel, and facility maintenance services, such as fabrication and erection of structural steel and heavy steel plate services, and large-diameter water pipes and water storage tanks; fabrication of trusses and girders; and 3-D building information modeling and detailing for commercial, industrial, and infrastructure construction projects, such as buildings and office complexes, hotels and casinos, convention centers, sports arenas and stadiums, shopping malls, hospitals, dams, bridges, mines, metal processing, refineries, pulp and paper mills, and power plants.