INSCAPE Co. (INQ) Receives Sell Rating from Sanford C. Bernstein

INSCAPE Co. (TSE:INQ)‘s stock had its “sell” rating reissued by investment analysts at Sanford C. Bernstein in a research note issued to investors on Monday, reports. They presently have a C$30.00 price objective on the stock.

INSCAPE (TSE:INQ) traded down 3.45% during midday trading on Monday, hitting $4.20. 1,800 shares of the stock traded hands. The company’s 50-day moving average is $4.68 and its 200 day moving average is $4.12. INSCAPE has a 12-month low of $2.80 and a 12-month high of $5.30. The firm has a market cap of $60.40 million and a P/E ratio of 8.59.

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In related news, insider David Parshad sold 7,000 shares of the company’s stock in a transaction dated Friday, January 20th. The shares were sold at an average price of C$4.75, for a total value of C$33,250.00.

INSCAPE Company Profile

Inscape Corporation is an office furniture and wall products manufacturer. The Company operates in two segments: Office Furniture segment and Inscape Walls segment. The Office Furniture segment includes storage, benching, systems and seating solutions, and West Elm Workspace products. The Inscape Walls segment has a manufacturing facility located in upstate New York.

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