Inno Holdings Inc. (NASDAQ:INHD – Free Report) shares are scheduled to reverse split before the market opens on Monday, December 22nd. The 1-24 reverse split was announced on Thursday, December 18th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, December 19th.
Inno Price Performance
NASDAQ:INHD traded down $0.04 during trading hours on Thursday, reaching $0.07. 43,188,173 shares of the company were exchanged, compared to its average volume of 6,634,462. The firm has a market cap of $914,270.00, a price-to-earnings ratio of -0.09 and a beta of -1.80. The stock has a 50 day simple moving average of $0.72 and a 200 day simple moving average of $1.72. Inno has a 52-week low of $0.07 and a 52-week high of $19.78.
Analyst Ratings Changes
Several research analysts recently weighed in on INHD shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Inno in a research report on Wednesday, October 8th. Wall Street Zen lowered Inno from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Inno has an average rating of “Sell”.
Institutional Investors Weigh In On Inno
A hedge fund recently bought a new stake in Inno stock. Two Sigma Investments LP bought a new stake in shares of Inno Holdings Inc. (NASDAQ:INHD – Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 41,938 shares of the company’s stock, valued at approximately $58,000. Two Sigma Investments LP owned 0.38% of Inno as of its most recent filing with the SEC. Hedge funds and other 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.
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