Somewhat Favorable Media Coverage Somewhat Unlikely to Impact IEC Electronics Corp (IEC) Share Price
News coverage about IEC Electronics Corp (NYSE:IEC) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. IEC Electronics Corp earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 44.906524135995 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of IEC Electronics Corp (NYSE:IEC) traded down 1.34% on Wednesday, reaching $4.41. 29,596 shares of the company traded hands. IEC Electronics Corp has a one year low of $3.21 and a one year high of $5.10. The stock’s 50 day moving average price is $4.17 and its 200-day moving average price is $3.83. The stock’s market capitalization is $45.51 million.
IEC Electronics Corp (NYSE:IEC) last issued its quarterly earnings data on Wednesday, August 9th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.07. The business had revenue of $26.49 million for the quarter, compared to the consensus estimate of $26.00 million. IEC Electronics Corp had a net margin of 3.04% and a return on equity of 24.24%. Equities analysts forecast that IEC Electronics Corp will post $0.06 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on the stock. Noble Financial reaffirmed a “buy” rating on shares of IEC Electronics Corp in a research note on Saturday, July 1st. Zacks Investment Research raised shares of IEC Electronics Corp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. TheStreet lowered shares of IEC Electronics Corp from a “c” rating to a “d+” rating in a research note on Monday, June 12th. Finally, Maxim Group began coverage on shares of IEC Electronics Corp in a research note on Thursday, August 17th. They set a “buy” rating and a $7.00 target price on the stock. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $4.82.
IEC Electronics Corp Company Profile
IEC Electronics Corp. provides electronic manufacturing services (EMS) to a range of technology companies that produce life-saving and mission critical products for the medical, industrial, aerospace and defense sectors. The Company specializes in delivering technical solutions for the custom manufacture of full system assemblies by providing on-site analytical testing laboratories, custom design and test engineering services combined with an array of manufacturing services encompassing electronics, interconnect solutions and precision metalworking.
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