Friedman Industries (NYSE:FRD)
August 11th, 2018
Amidst falling markets Friedman Industries went up $0.10 Monday which equals a 0.91% jump, closing at $11.10. Furthermore it hit a new 52 week high of $11.25. The stock continues to trade well at 116% of its 52 week low of $5.15.
FRD outperformed the rest of the Materials sector which went down 1.43% today.
Friedman Industries Info
Friedman Industries, Incorporated engages in steel processing, pipe manufacturing and processing, and steel and pipe distribution activities in the United States. The company purchases hot-rolled steel coils; processes the coils into flat, finished sheet, and plate; and sells these products on a wholesale basis. It also manufactures, purchases, processes, and markets tubular products, including line and oil country pipes, as well as pipes for structural and other miscellaneous applications. The company offers its coil products and processing services primarily to steel distributors and customers fabricating steel products, such as storage tanks and containers, steel buildings, construction equipment, transportation equipment, and other similar products; and tubular products principally to steel and pipe distributors through its own sales force. Friedman Industries, Incorporated was founded in 1965 and is based in Longview, Texas.
All amounts in USD unless otherwise indicated
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