Friedman Industries (NASDAQ:FRD - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.76 earnings per share for the quarter, Zacks reports. The company had revenue of $129.22 million for the quarter.
Friedman Industries Stock Down 0.1%
FRD stock traded down $0.01 during trading on Friday, hitting $16.99. 12,296 shares of the company's stock were exchanged, compared to its average volume of 17,882. The stock has a market cap of $118.42 million, a price-to-earnings ratio of 20.98 and a beta of 1.51. Friedman Industries has a 52-week low of $12.24 and a 52-week high of $19.12.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded shares of Friedman Industries from a "hold" rating to a "buy" rating in a report on Monday, May 5th.
View Our Latest Research Report on FRD
Institutional Trading of Friedman Industries
A hedge fund recently bought a new stake in Friedman Industries stock. Jane Street Group LLC purchased a new position in shares of Friedman Industries Inc (NASDAQ:FRD - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 11,686 shares of the company's stock, valued at approximately $174,000. Jane Street Group LLC owned approximately 0.17% of Friedman Industries at the end of the most recent reporting period. 33.26% of the stock is owned by institutional investors and hedge funds.
Friedman Industries Company Profile
(
Get Free Report)
Friedman Industries, Incorporated engages in steel processing, pipe manufacturing and processing, and the steel and pipe distribution businesses the United States. It operates in two segments, Coil and Tubular. The Coil segment is involved in the conversion of steel coils into flat sheet and plate steel cut to customer specifications and reselling steel coils.
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