Friedman Industries, Incorporated (NYSEAMERICAN:FRD - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $17.18. Friedman Industries shares last traded at $17.02, with a volume of 26,339 shares trading hands.
Analyst Ratings Changes
Separately, Wall Street Zen lowered Friedman Industries from a "buy" rating to a "hold" rating in a report on Tuesday, April 15th.
Get Our Latest Research Report on Friedman Industries
Friedman Industries Price Performance
The company has a market cap of $113.68 million, a PE ratio of 20.14 and a beta of 1.40. The stock's fifty day simple moving average is $16.44.
Institutional Trading of Friedman Industries
Institutional investors have recently bought and sold shares of the business. Jones Financial Companies Lllp acquired a new position in Friedman Industries during the 4th quarter worth approximately $28,000. Wealthedge Investment Advisors LLC acquired a new position in Friedman Industries during the 4th quarter worth approximately $204,000. Corient Private Wealth LLC acquired a new position in Friedman Industries during the 4th quarter worth approximately $401,000. Northern Trust Corp increased its position in Friedman Industries by 38.1% during the 4th quarter. Northern Trust Corp now owns 26,511 shares of the company's stock worth $405,000 after purchasing an additional 7,320 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in Friedman Industries during the 1st quarter worth approximately $463,000. 33.26% of the stock is owned by hedge funds and other institutional investors.
About Friedman Industries
(
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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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