Friedman Industries Inc (FRD) stock is higher by 13.55% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator. Friedman Industries Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on FRD! See Full FRD Report What is Stock Sentiment? Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. 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 FRD Stock Today? Friedman Industries Inc (FRD) stock is trading at $9.30 as of 12:34 PM on Tuesday, Jul 26, a loss of -$0.30, or -3.12% from the previous closing price of $9.60. The stock has traded between $9.26 and $9.82 so far today. Volume today is 25,973 compared to average volume of 24,209. More About Friedman Industries Inc Friedman Industries Inc is engaged in the manufacturing and processing of steel products. The company's operating segment include Coil Products and Tubular Products. It generates maximum revenue from the Coil Products segment. The company's product and services include Temper Pass, Cut-To-Length, Whole Coils, Toll Processing, Electric Resistance Welded Pipe (ERW), New Mill Secondary and Pipe Finishing Services. Click Here to get the full Stock Report for Friedman Industries Inc stock.
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