Inno Holdings Inc. (NASDAQ:INHD – Free Report) shares are going to reverse split 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 market closes on Friday, December 19th.
Inno Price Performance
NASDAQ INHD traded down $0.04 during trading hours on Thursday, hitting $0.07. The company had a trading volume of 43,188,173 shares, compared to its average volume of 6,634,462. The firm’s 50 day moving average is $0.72 and its 200 day moving average is $1.72. The company has a market capitalization of $914,270.00, a price-to-earnings ratio of -0.09 and a beta of -1.80. Inno has a fifty-two week low of $0.07 and a fifty-two week high of $19.78.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on INHD shares. Weiss Ratings restated a “sell (e+)” rating on shares of Inno in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Inno from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.
Institutional Investors Weigh In On Inno
An institutional investor recently raised its position in Inno stock. Geode Capital Management LLC boosted its position in shares of Inno Holdings Inc. (NASDAQ:INHD – Free Report) by 48.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,128 shares of the company’s stock after purchasing an additional 10,177 shares during the period. Geode Capital Management LLC owned 0.40% of Inno worth $43,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.
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