Friedman Industries (NYSE:FRD) Earns Buy Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Friedman Industries (NYSE:FRD – Get Rating) in a research report issued to clients and investors on Thursday. The firm set a “buy” rating on the stock.

Friedman Industries Trading Up 1.5 %

Shares of NYSE:FRD opened at $10.20 on Thursday. The company has a market capitalization of $75.24 million, a price-to-earnings ratio of 10.52 and a beta of 1.05. Friedman Industries has a 52 week low of $6.74 and a 52 week high of $13.38.

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About Friedman Industries

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Friedman Industries, Inc engages in the provision of manufacture and trade of steel products. It operates through the Coil and Tubular segments. The Coil segment produces and markets hot-rolled steel and coils. The Tubular segment focuses on the operation of two electric resistance welded pipe mills with a combined outside diameter.

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