Longbow Research Begins Coverage on Insteel Industries Inc (IIIN)

Longbow Research Begins Coverage on Insteel Industries Inc (IIIN)

Longbow Research started coverage on shares of Insteel Industries Inc (NDAQ:IIIN) in a research report released on Friday. The brokerage issued a buy rating on the stock.

Insteel Industries (NDAQ:IIIN) opened at 34.72 on Friday. The firm’s 50-day moving average is $36.57 and its 200 day moving average is $34.86. The stock has a market capitalization of $659.16 million and a price-to-earnings ratio of 19.11. Insteel Industries has a 1-year low of $22.50 and a 1-year high of $42.81.

Insteel Industries Company Profile

Insteel Industries, Inc is a manufacturer of steel wire reinforcing products for concrete construction applications. The Company’s operations are focused on the manufacture and marketing of steel wire reinforcing products for concrete construction applications. Its concrete reinforcing products consist of two product lines: prestressed concrete strand (PC strand) and welded wire reinforcement (WWR).

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