IEC Electronics Corp (IEC) Rating Increased to C- at TheStreet
IEC Electronics Corp (NYSE:IEC) was upgraded by equities researchers at TheStreet from a “d+” rating to a “c-” rating in a research report issued to clients and investors on Monday.
A number of other brokerages have also issued reports on IEC. Zacks Investment Research lowered IEC Electronics Corp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 11th. ValuEngine raised IEC Electronics Corp from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Noble Financial reaffirmed a “buy” rating on shares of IEC Electronics Corp in a research report on Thursday, August 10th. Finally, Maxim Group assumed coverage on IEC Electronics Corp in a research report on Thursday, August 17th. They set a “buy” rating and a $7.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $5.07.
Shares of IEC Electronics Corp (NYSE:IEC) opened at 4.56 on Monday. The firm’s market cap is $47.06 million. The company’s 50 day moving average price is $4.62 and its 200-day moving average price is $4.01. IEC Electronics Corp has a 1-year low of $3.21 and a 1-year high of $5.05.
IEC Electronics Corp (NYSE:IEC) last announced its earnings results on Wednesday, August 9th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.07. The company had revenue of $26.49 million for the quarter, compared to analyst estimates of $26.00 million. IEC Electronics Corp had a return on equity of 24.24% and a net margin of 3.04%. Equities analysts expect that IEC Electronics Corp will post $0.06 EPS for the current fiscal year.
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A hedge fund recently raised its stake in IEC Electronics Corp stock. Walthausen & Co. LLC increased its holdings in shares of IEC Electronics Corp (NYSE:IEC) by 98.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 158,870 shares of the technology company’s stock after buying an additional 78,870 shares during the quarter. Walthausen & Co. LLC owned 1.54% of IEC Electronics Corp worth $572,000 as of its most recent filing with the Securities and Exchange Commission.
About IEC Electronics Corp
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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