X3

Friedman Industries IncFRA Friedman Stock Report

Last reporting period 30 Jun, 2024

Updated 12 Nov, 2024

Last price

Market cap $B

0.107

Micro

Exchange

XFRA - Deutsche Boerse AG

X36.F Stock Analysis

X3

Avoid

Based on Eyestock quantitative analysis, X36.F`s fundamental data and valuation indicate an investment grade of Avoid at the current time.

Rating

To assess the quality of a company's business, we have collected all financial data from the statements and presented them in the form of a single number - the company's rating. Rating value of 100 is the threshold for determining a viable investment.

23/100

Low score

Upside

To determine whether the current price is a reasonable to buy a stock, we compare it to our estimate of fair value. The more undervalued a stock is, the higher the upside.

-37.8 %

Overvalued

Market cap $B

0.107

Dividend yield

0.98 %

Shares outstanding

7.376 B

Friedman Industries, Inc. engages in the provision of manufacture and trade of steel products. The company is headquartered in Longview, Texas and currently employs 98 full-time employees. The firm operates in two segments: coil products and tubular products. Coil products segment consists of the operation of two hot-rolled coil processing facilities, namely the Hickman facility in Arkansas , which operates a temper mill and a cut-to-length line, and the Decatur facility in Alabama , which operates a stretcher leveler cut-to-length line. The equipment at both facilities improves the flatness and surface qualities of the coils and cuts the coils into sheet and plate of prescribed lengths. The tubular product segment consists of the Company's Texas Tubular Products (TTP) division located in Lone Star, Texas. TTP operates two electric resistance welded pipe mills with a combined outside diameter (OD). Both pipe mills are American Petroleum Institute (API) licensed to manufacture line pipe and oil country pipe and also manufacture pipe for structural purposes.

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