INNOVATE (NYSE:VATE) Posts Earnings Results

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

INNOVATE Price Performance

Shares of VATE traded down $0.35 during mid-day trading on Monday, reaching $7.81. 49,541 shares of the company’s stock were exchanged, compared to its average volume of 660,344. The business’s fifty day simple moving average is $9.95 and its 200-day simple moving average is $6.77. INNOVATE has a 52-week low of $3.25 and a 52-week high of $13.79. The stock has a market capitalization of $103.56 million, a PE ratio of -2.18 and a beta of 2.82.

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.