StockNews.com upgraded shares of Friedman Industries (NASDAQ:FRD - Free Report) from a hold rating to a buy rating in a research report released on Monday.
Friedman Industries Trading Up 8.0 %
Shares of FRD stock traded up $1.22 during trading on Monday, reaching $16.42. 12,017 shares of the company's stock traded hands, compared to its average volume of 18,404. Friedman Industries has a 1 year low of $12.24 and a 1 year high of $19.18. The stock has a market capitalization of $114.45 million, a P/E ratio of 20.27 and a beta of 1.56.
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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