Inno Holdings Inc. (NASDAQ:INHD - Get Free Report) shares traded down 19.6% during mid-day trading on Monday . The company traded as low as $5.00 and last traded at $7.76. 11,282,019 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 16,630,294 shares. The stock had previously closed at $9.65.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised Inno from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th.
Check Out Our Latest Research Report on INHD
Inno Price Performance
The firm has a 50 day moving average price of $2.66 and a 200-day moving average price of $3.41.
Institutional Investors Weigh In On Inno
A hedge fund recently raised its stake in Inno stock. Geode Capital Management LLC lifted its stake in shares of Inno Holdings Inc. (NASDAQ:INHD - Free Report) by 48.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,128 shares of the company's stock after purchasing an additional 10,177 shares during the quarter. Geode Capital Management LLC owned about 0.40% of Inno worth $43,000 at the end of the most recent quarter. 0.16% of the stock is owned by institutional investors.
Inno Company Profile
(
Get Free Report)
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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