Somewhat Negative News Coverage Somewhat Unlikely to Affect Insteel Industries (IIIN) Stock Price

Press coverage about Insteel Industries (NASDAQ:IIIN) has been trending somewhat negative on Thursday, according to Accern. Accern rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Insteel Industries earned a news sentiment score of -0.01 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 46.7854989497631 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Insteel Industries (NASDAQ:IIIN) opened at $31.33 on Thursday. Insteel Industries has a twelve month low of $23.20 and a twelve month high of $39.20. The firm has a market cap of $617.69, a P/E ratio of 22.87 and a beta of 2.11.

Insteel Industries (NASDAQ:IIIN) last announced its quarterly earnings data on Thursday, January 18th. The industrial products company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.02). Insteel Industries had a net margin of 6.67% and a return on equity of 10.13%. The business had revenue of $97.74 million during the quarter, compared to analyst estimates of $94.90 million. During the same quarter in the prior year, the company earned $0.23 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis.

Several equities analysts recently weighed in on the stock. Sidoti assumed coverage on shares of Insteel Industries in a report on Monday, December 18th. They issued a “buy” rating and a $34.00 price objective on the stock. TheStreet upgraded shares of Insteel Industries from a “c+” rating to a “b-” rating in a report on Wednesday, January 17th. Finally, BidaskClub upgraded shares of Insteel Industries from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 23rd.

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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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