Inno (NASDAQ:INHD) Upgraded by Wall Street Zen to Hold Rating

Inno (NASDAQ:INHD) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Inno Price Performance

INHD stock opened at $1.27 on Friday. The company’s 50-day moving average is $1.38 and its 200-day moving average is $3.42. Inno has a 1 year low of $1.11 and a 1 year high of $19.78.

Hedge Funds Weigh In On Inno

A hedge fund recently raised its stake in Inno stock. Geode Capital Management LLC boosted its holdings in Inno Holdings Inc. (NASDAQ:INHD) by 48.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,128 shares of the company’s stock after acquiring an additional 10,177 shares during the quarter. Geode Capital Management LLC owned 0.40% of Inno worth $43,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.16% of the company’s stock.

About Inno

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.