Insteel Industries, Inc. - Common Stock (IIIN)
25.30
-0.83 (-3.18%)
Insteel Industries is a leading producer of steel wire products, specializing in concrete reinforcing products and industrial wire
The company operates manufacturing facilities across the United States, where it fabricates a diverse range of wire items used in construction, infrastructure projects, and various industrial applications. By focusing on quality and innovation, Insteel supplies its customers with essential materials that enhance structural integrity and performance in various construction projects, catering to both the residential and commercial sectors.
Three Reasons Why IIIN is Risky and One Stock to Buy Instead
Over the last six months, Insteel’s shares have sunk to $27.99, producing a disappointing 6.7% loss - a stark contrast to the S&P 500’s 9.7% gain. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
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IIIN stock results show that Insteel Indus missed analyst estimates for earnings per share and missed on revenue for the third quarter of 2024.
Via InvestorPlace · July 18, 2024
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