Wall Street Zen Downgrades Inno (NASDAQ:INHD) to Sell

Inno (NASDAQ:INHD) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Inno in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Inno Stock Down 14.7%

INHD stock opened at $1.10 on Friday. Inno has a one year low of $1.05 and a one year high of $19.78. The company has a 50 day moving average price of $2.98 and a two-hundred day moving average price of $3.06.

Institutional Trading of Inno

An institutional investor recently raised its position in Inno stock. Geode Capital Management LLC grew its stake in shares of Inno Holdings Inc. (NASDAQ:INHD) by 48.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. 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 0.40% of Inno worth $43,000 as of its most recent SEC filing. Institutional investors own 0.16% of the company’s stock.

Inno Company Profile

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.