Overall market sentiment has been high on Insteel Industries Inc (IIIN) stock lately. IIIN receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Insteel Industries Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on IIIN!
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With IIIN Stock Today?
Insteel Industries Inc (IIIN) stock is up 0.18% while the S&P 500 has fallen -0.29% as of 10:46 AM on Friday, Apr 21. IIIN has gained $0.05 from the previous closing price of $28.02 on volume of 27,044 shares. Over the past year the S&P 500 has fallen -7.66% while IIIN has fallen -29.98%. IIIN earned $4.03 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 6.93.
To see InvestorsObserver's Sentiment Score for Insteel Industries Inc click here.
More About Insteel Industries Inc
Insteel Industries Inc manufactures steel wire reinforcing products for concrete construction applications. It manufactures and markets PC strand and welded wire reinforcement, including ESM, concrete pipe reinforcement, and standard welded wire reinforcement. The company's products are sold primarily to manufacturers of concrete products that are used in nonresidential construction. Its concrete reinforcing products consist of two product lines: PC strand and WWR. Insteel generates its geographical revenue from the United States.
Click Here to get the full Stock Report for Insteel Industries Inc stock.
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