Friedman Industries trades as part of the steel industry and basic materials sector. The company CEO is Michael J Taylor. Friedman Industries Inc is engaged in steel processing, pipe manufacturing and processing and steel and pipe distribution. The Company has two product groups coil and tubular products.



Previous Intraday Performance:

The FRD shares had a previous change of -0.26% which opened at 7.73 and closed at 7.73. It moved to an intraday high of 7.80 and a low of 7.65.

SeekingAlpha:  Friedman reports Q3 results

Historical Performance:

Over the last five trading days, FRD shares returned -0.90% and in the past 30 trading days it returned 1.44%. Over three months, it changed 11.24%. In one year it has changed 31.97% and within that year its 52-week high was 11.47 and its 52-week low was 5.55. FRD stock is 39.28% above its 52 Week Low.

Our calculations result in a 200 day moving average of 8.36 and a 50 day moving average of 7.77. Right now, FRD stock is trading -7.55% below its 200 day moving average and may not be a great opportunity to buy as it may continue to trend down.

SeekingAlpha:  Friedman reports Q3 results

Liquidity:

The company has a market cap of $54.2m with 7.0m shares outstanding and a float of 6.4m shares. Trading volume was 3,653 shares and has experienced an average volume of 25,453 shares. Our calculation, using the current average volume and close price, leads me to believe that the liquidity is bad, highly speculative and an investor may want to avoid this stock.

Earnings:

The last annual reported EPS for Friedman Industries was 0.38 which ended on 31st of March 2018, which according to the previous close, that is a PE of 20.34.

Below was the last reported quarterly earnings per share:
12-31-2018:  0.09
09-30-2018:  0.29
06-30-2018:  0.51
03-31-2018:  0.31

The dividend per share is currently 0.16, which is a dividend yield of 2.07%.

Base on our calculations, the intrinsic value per share is 17.56, which means it might be undervalued and has a margin of safety of 55.98%



The next earnings report will be: 03-27-2019

The long-term trend of the EPS is a vital number as it helps understand the future potential of Friedman Industries; it is usually expressed as a percentage and is then referred to as the EPS growth rate, which at this time is hard to estimate, but revenue growth has been 92.30% over the last twelve months.

Indicators Also to Watch:

Based on the latest filings, there is 8.20% of insider ownership and 59.60% of institutional ownership. Short-interest was 33,591, which was 0.48% of shares outstanding. The short-interest ratio or days-to-cover ratio was 1.33. This stock has some short interest, but it might be normal and no need to worry if long the position.

I calculated the beta to be 0.73

Business Wire:  CynergisTek, Inc. Sells Managed Print Services Business to Vereco, LLC for $30 Million

Fundamental Numbers:

Based on last reported financials, the company’s return on equity is 12.01%, return on assets is 9.78%, profit margin is 4.29%, price-to-sales is 0.29 and price-to-book is 0.73.

Company Score Card:

Results are out of six:
 1  : Growth Expectations Result
 6  : Financial Safety Result
 5  : Past Performance Result
 5  : Valuation Result
 2  : Dividend Safety Result
 3  : Overall Result

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Jake McWilliams
I am an independent trader, analyst and algorithmic trading expert, having worked both for the sell side (brokerage) and the buy side (fund administration). I have been trading professionally for about 20 years. I trade stocks and forex and I play both long and short positions in underlying asset or through options. I have experience with discretionary and fully automated systems (Metatrader and Quantshare).

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