Insteel Industries (NYSE:IIIN - Get Free Report)'s stock had its "buy (b-)" rating reissued by stock analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.
A number of other brokerages also recently issued reports on IIIN. Zacks Research downgraded shares of Insteel Industries from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 16th. Wall Street Zen upgraded shares of Insteel Industries from a "buy" rating to a "strong-buy" rating in a report on Sunday, July 20th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".
Read Our Latest Stock Analysis on IIIN
Insteel Industries Trading Up 1.4%
Shares of Insteel Industries stock opened at $38.70 on Wednesday. The firm's fifty day moving average is $37.86. The stock has a market cap of $751.17 million, a P/E ratio of 24.19, a P/E/G ratio of 1.07 and a beta of 0.79. Insteel Industries has a 12-month low of $22.49 and a 12-month high of $41.64.
Insteel Industries (NYSE:IIIN - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.10. The business had revenue of $179.89 million for the quarter, compared to the consensus estimate of $177.60 million. Insteel Industries had a net margin of 5.15% and a return on equity of 9.50%.
About Insteel Industries
(
Get Free Report)
Insteel Industries, Inc, together with its subsidiaries, manufactures and markets steel wire reinforcing products for concrete construction applications. The company offers prestressed concrete strand (PC strand) and welded wire reinforcement (WWR) products. Its PC strand is a seven-wire strand that is used to impart compression forces into precast concrete elements and structures providing reinforcement for bridges, parking decks, buildings, and other concrete structures.
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