Wall Street Zen upgraded shares of Inno (NASDAQ:INHD – Free Report) to a sell rating in a research note published 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 research note on Friday, September 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.
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Inno Price Performance
Inno (NASDAQ:INHD – Get Free Report) last announced its earnings results on Tuesday, August 18th. The company reported ($0.70) EPS for the quarter. Inno had a negative net margin of 72.63% and a negative return on equity of 9.47%. The firm had revenue of $2.07 million during the quarter.
Institutional Investors Weigh In On Inno
A hedge fund recently bought a new stake in Inno stock. T3 Companies LLC purchased a new position in Inno Holdings Inc. (NASDAQ:INHD – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 36,245 shares of the company’s stock, valued at approximately $41,000. T3 Companies LLC owned about 0.89% of Inno as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 0.16% of the company’s stock.
About Inno
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.
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