Friedman Industries (NYSE:FRD) Trading Up 0.5%

Shares of Friedman Industries, Incorporated (NYSE:FRDGet Rating) were up 0.5% on Thursday . The stock traded as high as $9.24 and last traded at $9.18. Approximately 1,559 shares traded hands during trading, a decline of 90% from the average daily volume of 15,276 shares. The stock had previously closed at $9.13.

Analyst Upgrades and Downgrades

Separately, started coverage on Friedman Industries in a research note on Wednesday, October 12th. They set a “hold” rating for the company.

Friedman Industries Stock Up 0.5 %

The company has a 50 day moving average of $8.53 and a two-hundred day moving average of $8.97. The firm has a market cap of $67.65 million, a P/E ratio of 4.78 and a beta of 1.08.

Friedman Industries (NYSE:FRDGet Rating) last released its quarterly earnings results on Wednesday, October 12th. The company reported $1.55 earnings per share for the quarter. Friedman Industries had a return on equity of 28.17% and a net margin of 3.66%. The business had revenue of $161.80 million during the quarter.

Friedman Industries Company Profile

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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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