INNOVATE (NYSE:VATE) Announces Quarterly Earnings Results

INNOVATE (NYSE:VATE) issued its quarterly earnings results on Monday. The company reported ($1.29) earnings per share (EPS) for the quarter, Zacks reports.

INNOVATE Stock Performance

Shares of NYSE:VATE traded down $0.35 during trading hours on Monday, reaching $7.81. The stock had a trading volume of 49,541 shares, compared to its average volume of 660,344. The stock has a market capitalization of $103.56 million, a price-to-earnings ratio of -2.18 and a beta of 2.82. The firm’s 50 day moving average is $9.95 and its 200-day moving average is $6.77. INNOVATE has a 1 year low of $3.25 and a 1 year high of $13.79.

About INNOVATE

INNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States. The Infrastructure segment provides industrial construction, structural steel, and facility maintenance services, such as fabrication and erection of structural steel and heavy steel plate services, and large-diameter water pipes and water storage tanks; fabrication of trusses and girders; and 3-D building information modeling and detailing for commercial, industrial, and infrastructure construction projects, such as buildings and office complexes, hotels and casinos, convention centers, sports arenas and stadiums, shopping malls, hospitals, dams, bridges, mines, metal processing, refineries, pulp and paper mills, and power plants.