Friedman Industries, Incorporated is a manufacturer and processor of steel products. Its segments include flat-roll products and tubular products. The flat-roll product segment consists of the operation of five hot-rolled coil processing facilities located in Hickman, Arkansas; Decatur, Alabama; East Chicago, Indiana; Granite City, Illinois, and Sinton, Texas. The Hickman, Granite City and East Chicago facilities operate temper mills and cut-to-length lines. The Decatur and Sinton facilities operate stretcher leveler cut-to-length lines. The tubular product segment consists of the Co.'s Texas Tubular Products division (TTP) located in Lone Star, Texas. We show 1 historical shares outstanding datapoints in our FRD shares outstanding history coverage, used to compute FRD market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing FRD market cap history over the course of time is important for investors
interested in comparing FRD's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of FRD versus a peer is one thing; comparing
FRD market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like FRD can fluctuate over the course of history.
With this page we aim to empower investors researching FRD by allowing them to research the FRD market cap history. |
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Video: The Importance of Market Cap
