Insteel Industries trades as part of the industrials sector and industrial products industry. The company CEO is H. O. Woltz. 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.



Previous Intraday Performance:

The IIIN shares had a previous change of 3.86% which opened at 19.11 and closed at 19.65. It moved to an intraday high of 19.67 and a low of 19.03.

PR Newswire:  Insteel Industries Declares Quarterly Cash Dividend

Historical Performance:

Over the last five trading days, IIIN shares returned 3.80% and in the past 30 trading days it returned -0.76%. Over three months, it changed -12.07%. In one year it has changed -37.43% and within that year its 52 week high was 43.78 and its 52 week low was 17.50. IIIN stock is 12.29% above its 52 week low.

Our calculations result in a 200 day moving average of 26.07 and a 50 day moving average of 20.41. Right now, IIIN stock is trading -24.63% below its 200 day moving average and may not be a great opportunity to buy as it may continue to trend down.

PR Newswire:  Insteel Industries Declares Quarterly Cash Dividend

Liquidity:

The company has a market cap of $378.3m with 19.3m shares outstanding and a float of 18.5m shares. Trading volume was 50,216 shares and has experienced an average volume of 119,314 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 Insteel Industries was 1.88 which ended on 30th of September 2018, which according to the previous close, that is a PE of 10.45.

Below was the last reported quarterly diluted earnings per share:

1stQtr 2019Reported 04-18-2019: 0.05
4thQtr 2018Reported 01-17-2019: 0.21
3rdQtr 2018Reported 10-18-2018: 0.49
2ndQtr 2018Reported 07-19-2018: 0.67
1stQtr 2018Reported 04-23-2018: 0.31

Base on our calculations, the intrinsic value per share is 50.61, which means it might be undervalued and has a margin of safety of 61.17%.

The long-term trend of the EPS is an important number as it indicates the present value of Insteel Industries; the EPS growth rate, as it is usually called, is typically displayed as a percentage, which at this time is hard to estimate, but revenue growth has been 15.80% over the last twelve months.



Indicators Also to Watch:

The beta was calculated to be 1.80.

SeekingAlpha:  IsoRay EPS in-line, beats on revenue

Fundamental Numbers:

Based on last reported financials, the company’s return on assets is 9.81%, profit margin is 5.89%, price-to-sales is 0.78 and price-to-book is 1.48.

Company Score Card:

Results are out of six:
 3  : Growth Expectations Result
 4  : Financial Safety Result
 2  : Past Performance Result
 6  : Valuation Result
 0  : 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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