Insteel Industries IIIN shares are trading lower on Wednesday, after Sidoti & Co. downgraded the stock from Buy to Neutral and announced a price target of $19 per share.
Insteel Industries 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.
Insteel Industries shares were trading down 7.96% at $19.09 on Wednesday. The stock has a 52-week high of $26.61 and a 52-week low of $10.
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