Insteel Industries Inc. (IIIN) Hits New 52-week High During February 03 Session

Equities Staff |

Insteel Industries Inc. (IIIN) hit a new 52-week high yesterday, reaching a peak of $26.11 after opening at $26.00 and closing at $26.06 for a move of 0.72%.

Hitting a new 52-week high is a notable milestone for any company, and it can mean a trading opportunity on either the long or short side, depending on one's perspective. Some view a company hitting its highest price in a year as a sign of momentum and think it means it's time to buy in. Others, though, tend to interpret a new 52-week high as likely signaling the end of a strong run, with the stock peaking out before a period of decline.

However one plays it, it’s often a critical moment for any stock and should be noted by investors.

The new 52-week high came on a volume of 106,021 for a stock that has a float of 18.6 million shares and an average daily volume of $94,426. The day's trading means the company's market cap is now at $484.63 million and it has a 50-day SMA of $21.98 and a 200-day SMA of $18.99.

Insteel Industries Inc. now has a P/E ratio of 17.7.

For a complete fundamental analysis analysis of Insteel Industries Inc., check out’s Stock Valuation Analysis report for IIIN. To see the latest independent stock recommendations from’s analysts, visit our Research section.

Insteel Industries Inc manufactures steel wire reinforcing products for concrete construction applications. It manufactures & markets PC strand & welded wire reinforcement, including ESM, concrete pipe reinforcement & standard welded wire reinforcement.

Insteel Industries Inc. is based out of Mount Airy, NC and has some 790 employees. Its CEO is H. O. Woltz.

Insteel Industries Inc. is also a component of the Russell 2000 Index, which is an invaluable tool for any small-cap investor. Consisting of the smaller 2,000 publicly traded companies of the 3,000 largest companies in America by market cap (which combine to make the broader Russell 3000 index), the Russell 2000 gives the most comprehensive snapshot of the small-cap market of any index out there.

What's more, the Russell 2000 is maintained by Russell Investments, a company committed to using rules-based methodologies to construct unbiased indices that differ from the committee-selected Dow Jones Industrial Average or S&P 500.

For more news on the financial markets, go to Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


Emerging Growth

Lomiko Metals Inc.

Lomiko Metals Inc is an exploration stage company. It is engaged in the acquisition, exploration and development of resource properties. Its projects include Vines Lake project and Quatre - Milles…

Private Markets

Initial State

Initial State is an Internet of Things (IoT) data analytics & data management platform company. We turn sensor and event data into information that matters by making it easy to…


Trustify provides trust and safety in both the digital and physical worlds through our vast network of on-demand Private Investigators.By removing the large retainers and high hourly rates that traditional…