Insteel Industries traded at $30.24 this Monday August 24th, decreasing $0.68 or 2.20 percent since the previous trading session. Looking back, over the last four weeks, Insteel Industries lost 6.20 percent. Over the last 12 months, its price fell by 18.81 percent. Looking ahead, we forecast Insteel Industries to be priced at 29.71 by the end of this quarter and at 27.84 in one year, according to Trading Economics global macro models projections and analysts expectations.
Insteel Industries, Inc. is a manufacturer of steel wire reinforcing products for concrete construction applications. The Company's operations are focused on the manufacture and marketing of steel wire reinforcing products for concrete construction applications. Its concrete reinforcing products consist of two product lines: prestressed concrete strand (PC strand) and welded wire reinforcement (WWR). Its PC strand is a seven-wire strand that is used to impart compression forces into precast concrete elements and structures, providing reinforcement for bridges, parking decks, buildings and other concrete structures. Its WWR is produced as an engineered reinforcing product for use in nonresidential and residential construction. The Company's products are sold primarily to manufacturers of concrete products that are used in nonresidential construction. The Company sells its products nationwide across the United States, Canada, Mexico, and Central and South America.