Insteel Industries Inc. (IIIN) Soars 3.36% on January 20

Equities Staff  |

Insteel Industries Inc. (IIIN) had a good day on the market for Wednesday January 20 as shares jumped 3.36% to close at $26.14. About 114,411 shares traded hands on 1,402 trades for the day, compared with an average daily volume of n/a shares out of a total float of 19.31 million. After opening the trading day at $25.26, shares of Insteel Industries Inc. stayed within a range of $26.20 to $25.15.

With today's gains, Insteel Industries Inc. now has a market cap of $504.87 million. Shares of Insteel Industries Inc. have been trading within a range of $26.28 and $10.00 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

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.

Insteel Industries Inc. is based out of Mount Airy, NC and has some 881 employees. Its CEO is H. O. Woltz.

For a complete fundamental analysis of Insteel Industries Inc., check out Equities.com’s Stock Valuation Analysis report for IIIN.

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Insteel Industries Inc. is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on Insteel Industries Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: IIIN’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

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



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