Inno Holdings Inc. (NASDAQ:INHD - Get Free Report) shares were down 19.6% during trading on Monday . The company traded as low as $5.00 and last traded at $7.76. Approximately 11,282,019 shares changed hands during trading, a decline of 32% from the average daily volume of 16,630,294 shares. The stock had previously closed at $9.65.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised Inno from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th.
Check Out Our Latest Stock Report on INHD
Inno Stock Performance
The stock has a 50 day simple moving average of $2.61 and a two-hundred day simple moving average of $3.42.
Hedge Funds Weigh In On Inno
An institutional investor recently raised its position in Inno stock. Geode Capital Management LLC lifted its holdings in Inno Holdings Inc. (NASDAQ:INHD - Free Report) by 48.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 about 0.40% of Inno worth $43,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 0.16% of the company's stock.
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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