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Friedman Industries, Incorporated (FRD)
34.09  -0.93 (-2.66%)  07-17 16:00
Open: 34.97
High: 35.4799
Low: 33.66
Volume: 51,800
Market Cap: 242(M)
PE Ratio: 12.35
Exchange: NASDAQ Global Select
Industry: Steel
Sector: Basic Materials
Technical analysis
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Resistance 2: 44.35
Resistance 1: 37.97
Pivot price: 33.91
Support 1: 30.04
Support 2: 25.14
52w High: 37.97
52w Low: 14.51
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Friedman Industries, Inc. (FRD) is a U.S.-based company primarily involved in the processing and manufacturing of steel and pipe, as well as their distribution. The firm operates through two distinct divisions: Coil and Tubular. The Coil segment specializes in converting steel coils into flat sheet and plate steel, cut precisely to client specifications. It also resells steel coils and offers processing services for materials owned by customers, for which it charges a fee. This division serves approximately 230 customers, predominantly located in the central and southern United States, including steel distributors and manufacturers. These manufacturers utilize the steel to produce a wide array of products, such as steel buildings, railway carriages, barges, storage tanks, shipping containers, trailers, various component parts, and other fabricated steel goods. Meanwhile, the Tubular segment is dedicated to producing different types of pipes, including those for line applications, oil country purposes (OCTG), and structural uses. This segment's products are primarily sold to steel and pipe distributors through Friedman Industries' internal sales force. Friedman Industries, Incorporated was founded in 1965 and is headquartered in Longview, Texas.

Financials
EPS 2.760
Book Value 21.300
PEG Ratio 0.00
Gross Profit 12.166
Profit Margin (%) 3.02
Operating Margin (%) 6.85
Return on Assets (ttm) 6.0
Return on Equity (ttm) 13.8
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